Qualified Ownership

Qualified ownership refers to a type of property ownership with specific legal conditions or restrictions attached. It typically involves an owner having certain rights to the property, but those rights are limited or subject to qualifications set by law, agreement, or trust arrangements. For example, someone might own property outright but be subject to restrictions like a requirement to use the property in a certain way, or ownership might be divided among parties with specific roles or limitations. Essentially, qualified ownership grants certain rights while simultaneously imposing limitations, distinguishing it from full, unrestricted ownership.