Recapture Clause

In a contract, a clause permitting the party who grants an Interest or right to take it back under certain conditions.

In a contract, a clause permitting the party who grants an Interest or right to take it back under certain conditions.
Example: Carter grants a Lease to Frank's Furniture, with rent set at 6% of retail sales. The lease contains a recapture clause whereby Carter can regain the property unless sales are over $1 million per year.