California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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Which of the following is correct?

The tenant is the lessee who has the leasehold interest.
The landlord is also known as the lessee.
A leasehold interest gives the landlord ownership.
The leasehold interest is held by the government.

The correct answer is: The tenant is the lessee who has the leasehold interest.

Option B is incorrect because the lessee is the person who has the leasehold interest, not the landlord. Option C is incorrect because a leasehold interest gives the tenant, not the landlord, certain ownership rights for a specified period of time. Option D is incorrect because a leasehold interest is held by a private individual or entity, not the government. Option A is correct because the tenant is the person who occupies and uses the property, and they have a leasehold interest which gives them certain rights and responsibilities for the duration of the lease. This means that the tenant has the right to use the property as stated in the lease agreement, but they do not have full ownership of the property. The landlord, on the other hand, is the owner of the property and is responsible for maintaining it and receiving rent from the tenant. Option B, C, and D are incorrect as they incorrectly identify the landlord and the rights associated with a leasehold interest.