recapture clause

Definition

A clause in a contract permitting the party who grants an interest or right to take it back under certain conditions. A recapture clause may also be used to give a ground lessee the right to purchase the fee after a set period of time has elapsed.

Use recapture clause in a sentence

The recapture clause was good for them cause they wanted to be able to take it back if certain conditions arose.

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The recapture clause provided the flexibility of the reluctant seller to be able to take back ownership if he desired.

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The people took the property back from the manager by way of a recapture clause in their contract after learning of negotiations with a strip club.

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