Qualified Title – this term is formed from the words “qualified”, which literally means “approved”, “licensed”, and “title”, that means “ownership. In terms of Real Estate Law, qualified title refers to property ownership with legal restrictions (burdens) established on it. For example, a qualified title could be an ownership over a house, set-up for certain term only (and not forever); or real estate ownership holding attached burden to it in the form of a personal right of use in favor of the transferor or a third party. Often when parents gift a house or apartment to their children, they use to keep a personal right of usage till their death, over the gifted property. This is to ensure that the parents will have somewhere to live even if the children decide on a later stage to re-sell the gifted property.