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The Owner agrees to repay to the Authority the Repayment Amount (as defined in agreement) if one or more of the following events (defined in agreement) (each such event is called a "Recapture Event")

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What is recapture agreement

A recapture agreement is a legal document outlining the terms under which a party can reclaim previously granted rights or incentives under specified conditions.

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Who needs recapture agreement template?

Explore how professionals across industries use pdfFiller.

Recapture agreement template is needed by:

Property developers seeking to reclaim tax incentives.
Landowners involved in property developments.
Local governments engaging in economic development agreements.
Investors protecting their financial interests in development projects.

How to fill out the recapture agreement template

1.

Open pdfFiller and upload the recapture agreement template.
2.

Begin with the header section, entering the date and parties involved.
3.

In the 'Agreement Details' section, specify the reasons for recapture.
4.

Fill in any financial figures regarding the incentives that can be recaptured.
5.

Identify the conditions under which the recapture would activate, including timeframes.
6.

Outline any notifications required upon activation of the agreement.
7.

Review your entries for accuracy before proceeding to the signature area.
8.

Have all parties involved sign the document electronically.
9.

Save a copy for your records and ensure all parties receive a finalized version.