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FAQ Real Estate Dictionary R Recapture Clause
FAQ Real Estate Dictionary R Recapture Clause
Recapture Clause
- DATE ADDED:
- Tuesday, 07 April 2009
- FAVOURED:
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ANSWER
A clause usually found in percentage leases, especially in shopping center leases, giving the landlord the right to terminate the lease (and thus "recapture" the premises) if the tenant does not maintain a specified minimum amount of business.