Build to lease, sometimes known as lease/buyback, is an approach to meeting your building needs in which you work with a builder or developer to build a new facility to your specifications and then is leased back to you for an agreed upon period of time. You may jointly select a suitable piece of property with the developer, or he may have land he already owns. In return for constructing the building, you will typically enter into a long term lease that allows the developer to recapture some or all his of his costs. You will probably be required to pledge tangible assets as collateral to guarantee the lease, a means of mitigating the risk undertaken by the developer not unlike borrowing money from a bank. If your desire is to ultimately own the building, a buyout option is included in the lease.