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In today's video, Benjamin discusses a land lease, also known as a ground lease, which is a long-term lease of the land only. This type of lease separates ownership of the land from ownership of the building and improvements on it. Land leases are typically between the landowner and someone looking to use the land for construction or development, lasting 50 to 99 years. Different types of land leases exist, such as agricultural and commercial leases. The video focuses on the importance and implications of land leases for prospective buyers and communities.