Leasebacks Explained: A Comprehensive Guide for Property Owners

Leasebacks are generally real estate or property agreements whereby an owner sells a property to a new owner but immediately leases it back from that owner. This is a common strategy for an owner who needs an immediate influx of capital but is not ready to give up use of a property just yet. Leasebacks are also popular with individuals facing foreclosure who have found an investor for their home. Someone in this situation sells the home to the investor and then rents the property, surrendering ownership but retaining use for a longer period.