sale-and-leaseback


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sale-and-leaseback

A contractual agreement between an owner and an investor, under which the owner sells a property to the investor and then improves or develops it under the condition that the investor gives him a long-term lease of the premises.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
There are many tax and financial advantages in executing a sale-and-leaseback; there also tax traps.
Often, a sale-and-leaseback is entered into when a corporation is short of cash, and its controlling shareholder has an abundance of cash or can liquidate investments.
Polonchek (1990), "Corporate Sale-and-Leasebacks and Shareholder Wealth", Journal of Finance (March 1990), pp.
It is the first time that Boots has carried out a sale-and-leaseback, although it has carried out other property transactions in the past.
Tesco has realised pounds 366 million from its property estate after agreeing a sale-and-leaseback deal involving 14 of its sites.