​KembaraXtra – Legal Terms – Limited Interest


A limited interest refers to a form of ownership or entitlement in property that is restricted in scope or duration. Unlike full ownership, it does not give the holder complete and permanent control over the property.


Such an interest may exist only for a specified period or subject to certain conditions. For example, a person may have rights to use or benefit from property for a limited time without owning it outright.


This concept is often contrasted with an absolute interest, where the holder has full and unrestricted rights. Limited interests are commonly found in trusts and settlements, where rights are divided among different parties.