​KembaraXtra – Legal Terms – Limited Owner


A limited owner is a person who holds a restricted interest in property, typically under a legal arrangement such as a settlement. This includes individuals like tenants for life or statutory owners.


Such an owner has the right to use or benefit from the property but does not have full ownership. Their powers are often limited by the terms of the arrangement governing the property.


The concept ensures that property can be managed and enjoyed by one person while preserving the underlying ownership for others, such as future beneficiaries or remaindermen.