The sale of land and simultaneous leasing of it by the seller, who becomes the tenant.Example: Collins owns land and wants to raise cash to build a shopping center on it. She sells the land for $1,000,000 to Baker and leases it back for 50 years at a $50,000 annual rent. Collins can use the land for the lease term provided she pays the annual rent, so she builds the shopping center after the land sale-leaseback .
