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In today's video, Benjamin discusses land leases, also known as ground leases, focusing on key information for prospective buyers considering homes on leased land. He explains that a land lease is a long-term agreement where only the land is leased, separating land ownership from ownership of buildings or improvements. These agreements can be made with individuals or corporations for construction or development purposes, typically lasting between 50 to 99 years. Various zoning types, including agricultural and commercial land leases, exist. The video includes a current example of a community facing an expiring land lease, emphasizing the implications for residents.
