Contracts
In Michigan, a 'leaseback' arrangement (sale-leaseback) involves:
AA tenant buying the property they rent
BA property owner selling the property and immediately leasing it back from the new owner, allowing the seller to continue occupying the property✓ Correct
CThe lender leasing the property to the borrower
DA developer pre-leasing units before construction
Explanation
A sale-leaseback allows a Michigan property owner to sell their property for its equity value while simultaneously leasing it back, converting equity to cash while retaining use. Common in commercial real estate for businesses needing capital without vacating their facility.
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