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Benjamin discusses land leases in today's video, explaining that a land lease is a long-term lease of the land only, with a separation between ownership of the land and any buildings on it. The agreement is between the landowner and the user, who could be an individual or business looking to develop the land. Land leases can last 50-99 years, with different types including agricultural and commercial leases. Benjamin also provides a current example of a community with an expiring land lease.