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Does a life tenancy lease entitle tenants to homestead rights?

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Does a life tenancy lease entitle tenants to homestead rights?

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222.05 Setting apart leasehold.–Any person owning and occupying any dwelling house, including a mobile home used as a residence, or modular home, on land not his or her own which he or she may lawfully possess, by lease or otherwise, and claiming such house, mobile home, or modular home as his or her homestead, shall be entitled to the exemption of such house, mobile home, or modular home from levy and sale as aforesaid.

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