Definition: A transaction in which an owner sells a property and leases it back from the purchaser, allowing continued occupancy under the lease.
Example
A business sells its building to an investor and signs a lease so it can keep operating there.
Keep the distinction clear
The seller becomes a tenant rather than retaining the same ownership rights. Evaluate rent, lease terms, operating obligations, and financial consequences along with the sale proceeds.
Related terms
Keep studying
FREC Course II Syllabus: What to Study for the Broker State Exam
References: California DRE: real estate glossary
Pronunciation (US): SAYL LEES-bak (capitals show stress)
Pronunciation reference: Merriam-Webster
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