Property Ownership
A property owner who wants to sell their property but continue living in it for a set period could use which arrangement?
AA life estate
BA sale-leaseback arrangement✓ Correct
CA mortgage assumption
DA land trust
Explanation
A sale-leaseback allows the owner to sell the property and simultaneously enter into a lease to continue occupying it for a set period. This allows the seller to convert equity to cash while retaining the right to occupy the property. Businesses use this frequently; it is also available to residential owners.
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