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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, separate from ownership of the building. He highlights what prospective buyers should know when considering buying a home on leased land. Benjamin provides a current example of a community of homes that are part of a land lease that is soon expiring. Land lease agreements are between the landowner and someone wishing to use the land for development or construction, lasting between 50 to 99 years. Different zoning for land leases exist, such as agricultural and commercial land leases. Benjamin's video focuses on the applications of land leases.
