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In this video, Benjamin discusses land leases, also known as ground leases, focusing on key considerations for prospective buyers of homes on leased land. A land lease is a long-term agreement between the landowner and a lessee, which can be an individual or business, that separates the ownership of the land from the ownership of buildings and improvements on it. These leases typically last between 50 to 99 years and can be categorized into various types, including agricultural and commercial leases. The video emphasizes the implications of purchasing homes under such agreements, using a current example of a community facing an expiring land lease.
