Definition of "Recapture"

James  Namvar
James Namvar Weichert Realtors Hallmark Properties

  1. The return by owners of a property investment usually through a depreciation allowance.
  2. a clause in a contract permitting the prior owner of real estate to recover under certain circumstances. For example, if a person sells real estate to someone on an installment land sales contract and the purchaser does not make the payments, the prior owner could recapture the real estate by taking possession of it.

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