Sale and Lease-Back Agreement The owner of the asset sells it to another party (for an amount usually equal to its market value) who becomes the lessor by leasing it back to the ormer owner a Quite common in real estate a A way of generating cash without having to part with use of the assetSale and Lease-Back Agreement ◼ The owner of the asset sells it to another party (for an amount usually equal to its market value) who becomes the lessor by leasing it back to the former owner. ◼ Quite common in real estate. ◼ A way of generating cash without having to part with use of the asset