Real Property: Sale-leaseback Arrangements
What Is A Sale-Leaseback Arrangement?
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A sale-leaseback is a legal arrangement in which you receive the value of your home in cash while being allowed to continue to live in it.
As part of the same transaction, a purchaser buys your home and leases it back to you. The buyer takes over responsibility for maintaining the house, paying taxes etc.
Depending on the amount of rent you pay to the new owner, a sale-leaseback arrangement can reduce your monthly expenses since the buyer assumes responsibility for taxes, insurance, maintenance, and repairs.
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