A leaseback is an arrangement where a property owner sells a property and then leases it back from the buyer, or where an owner agrees to rent out their property during unused periods to generate income.
In vacation real estate, leaseback programs are common with resort developers who sell units to individual buyers and then manage them as rental properties when the owner is not using them. While this can offset ownership costs, it often means the owner has limited control over when they can use their own home and the property may experience heavy wear from short-term rental guests.
GoForth, a luxury co-ownership company, does not use a leaseback model because the goal is owner enjoyment, not rental income. Each of the four co-owning families gets approximately 12 weeks of personal use per year, and the home is never rented out to strangers. This keeps the property in pristine condition and ensures it always feels like a personal retreat rather than a commercial rental.