0 a legal agreement by which the owner of a building, piece of land, vehicle, etc. allows the previous owner to continue to use it for a regular amount of money
1 an agreement by which the seller of property or an asset pays rent to the new owner in order to continue using it:
Few people are at their most receptive to the intricacies of sale and leaseback provisions explained at 3.30 in the morning.
But the drawback about leaseback is that the way one begins a lease-back period, whether of 17, 15 or 12 years, is by ceding sovereignty.
That must be why any consideration of leaseback will, into the foreseeable future, be unacceptable.
Thirdly, there was the option to negotiate on matters of substance, including sovereignty, and the possibility of floating proposals such as leaseback.
Over the years, the options steadily narrowed until only a solution based on leaseback seemed capable of bridging the negotiating gap.
The order will be effective in blocking all lease and leaseback schemes.
It deals specifically with the subject of lease and leaseback.
In some cases it could put beyond them the cost of enfranchisement as landlords might refuse to take a leaseback on such terms.
