Definition of Sales Leaseback:
Sales Leaseback in Orange County:
An arrangement where the seller of a property leases back the same property from the purchaser. In a leaseback arrangement, the specifics of the arrangement are made immediately after the sale of the property, with the amount of the payments and the time period specified. Essentially, the seller of the property becomes the lessee and the purchaser becomes the lessor in this arrangement. Leaseback arrangements can also provide the seller with additional tax deductions. The lessor benefits in that they will receive stable payments for a specified period of time.