California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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The type of leasehold estate that has a definite termination date is called an?

Estate at will
Estate for years
Periodic tenancy
Tenancy at sufferance

The correct answer is: Estate for years

An estate for years is a type of leasehold estate that has a definite termination date. This means that the lease agreement has a specific start and end date, and the tenant must vacate the property by the agreed-upon end date. The other options are incorrect because they do not have a definite termination date. A) Estate at will does not have a specific end date and can be terminated at any time by either the landlord or the tenant. C) Periodic tenancy is a leasehold estate that automatically renews for a set period of time, but does not have a specific end date. D) Tenancy at sufferance occurs when a tenant stays on the property without the landlord's permission after the lease has ended. This does not have a definite termination date as it is not a legal form of tenancy. Therefore, the best answer is B) Estate for years.