That risk doesn't have to exist with land leases, either; it could very well (and in practice does) work exactly like LVT does (and indeed, at a 100% LVT, the d

That risk doesn't have to exist with land leases, either; it could very well (and in practice does) work exactly like LVT does (and indeed, at a 100% LVT, the difference between LVT v. a land lease is semantics) - i.e., with the current user of that land (i.e. the current LVT payer, or the current leaseholder) being in control of whether to keep paying LVT / renew the lease. If your lease on your apartment expires, do you think you're not given first dibs on whether to renew the lease? Same deal here.