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A leaseback, or sell-and-stay program, is an arrangement in which a property owner sells their property and then rents it back from the buyer. Leasebacks allow Seller Rent Back - How To Buy and Sell At The Same Time The buyer agrees to rent back the home to the seller for an agreed-upon amount of time (typically, no more than 60 days) after closing.

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1. If your state has a homestead exemption on property tax, then your LLC is not going to qualify for it. So your property tax bill will be A rent-back agreement is a legally binding contract that lets the seller remain in the home for a temporary period after the sale is finalized. Pros and Cons of a Rent-Back Agreement When Selling a Home

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