In a lease-back arrangement, what is true about the ownership of the property?

In a lease-back arrangement, the seller of the property simultaneously leases the property back from the buyer after the sale. This structure allows the seller to retain operational control and use of the property while providing the buyer with an investment. Since the seller sells the property but continues to occupy it as a tenant, they effectively retain ownership rights in a business sense, even though the legal title has transferred to the buyer. This setup is beneficial for the seller, as it provides immediate capital from the property sale while still allowing them the benefit of using the property.

The other options don't align with the nature of a lease-back; for example, in this arrangement, the seller does not vacate the property, nor does the property become exclusively owned by the tenant (the seller is still leveraging the property under the lease). Also, while the buyer technically owns the property, they typically do not move in to live there, as they are often investors rather than residential users. This illustrates the unique dynamic of lease-back arrangements where the seller continues to occupy the space post-sale.