7. Ground leases: (1) cannot be used by governments and government agencies. (2) are sometimes used as a means of acquiring land for development purposes in concentrated urban areas and in outlying suburban areas. (3) have rental rates that are generally higher than the prevailing rate on first mortgages. (4) normally have terms in excess of 150 years. 8. Which of the following statements are TRUE? A. Subordination agreements can protect tenants where the mortgage lender is attempting to register the mortgage before the ground lease on title. B. Sale-leaseback agreements are generally used as an addition to mortgage financing. C. In most cases, using the sale-leaseback approach means the vendor-lessee loses the opportunity to claim, as an income tax deduction, the capital cost allowance (CCA) on the improvement portion of the real property. D. A sale-leaseback situation involves a sale of real property, by a vendor to a purchaser, with a simultaneous lease granted by the purchaser back to the vendor. (1) All of the above (2) Only A and B (3) Only C and D (4) Only B, C, and D