There are benefits. I visited the Web site of Industry Canada where it explains what a sale and lease-back is. It mentions pros and cons. There are obviously benefits, but among the drawbacks — and this is very important — the tenant acts more like an owner than a lessee. Indeed, the tenant has to pay for all the repair and maintenance work, as well as pay for insurance and property taxes during the term of the lease. Is this standard in the contracts the government will have to sign as a tenant?
On May 29th, 2007. See this statement in context.