California Real Estate Practice Exam

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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.