sharing the market uplift
sharing the market uplift
An expression used to describe a recapture clause in a lease,allowing the tenant to sublease space at a profit in an escalating rental market,but with the necessity to share some or all of the profit with the landlord.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.