Definitions for "RECAPTURE CLAUSE"
A provision in a percentage lease that gives the landlord the right to terminate the lease if a specified volume of sales is not reached.
A recapture provision in an office lease provides the lessor the right to recover any space that the tenant is unable to occupy or sublease.
a clause contained in leases, deeds, and other documents, which allow a landlord or owner the right to break the contract if specific standards, conditions, or contingencies outlined in the lease or document are not met.