Qualified Ownership

Definition - What does Qualified Ownership mean?

Qualified ownership is a type of ownership in which a person owns property, but their ownership of that property is conditional. This means that they do not have absolute ownership and complete control over the property; they only own it within certain parameters. These parameters are legally binding.

Justipedia explains Qualified Ownership

There are many different conditions that a person with qualified ownership of a property may be subject to. For example, a property may come with a permanent access easement that lets a neighbor pass through a property to reach their house. Or, a person may inherit land with the condition that it should never be sold to a mining or oil company.

The party who initially has absolute ownership of the land is typically the party who puts the conditions on the next owner's "qualified ownership."

Connect with us

Justipedia on Linkedin
Justipedia on Linkedin
Tweat cdn.justipedia.com
"Justipedia" on Twitter

Sign up for Justipedia's Free Newsletter!