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In a land-lease situation the terms of the lease will dictate who owns the improvements at the end of the lease. The tenant might/might not own the improvements but if they do, they then have to figure out where to move them if the owner wants them gone. Otherwise, the owner may decide to raze them for a different purpose.
Depending on the terms of the lease, typically the land tenant would own the improvements. Lease terms should dictate the disposition of the improvements at the end of the lease, or provisions for extensions of the lease, and treatment of the improvements should the land tenant fail to maintain their end of the lease. In Montana, if you lease state land, you can build improvements on that land during your lease period. Most leases come up for renewal each period (often 10 years) and go to the highest bidder. Should you be outbid on the lease where you have made improvements, the incoming tenant has to compensate the outgoing tenant, although I am not familiar with the provisions that govern their valuation.
Well, the home owner does not own the land, they are a tenant on the land, so your claim is not accurate.
Perhaps you are right . IDK - it is a weird form of hybrid ownership - the homeowner takes title to a house that they own and can sell. So they are not 100% a tenant. At the same time, they do pay a lease fee each month to the land owner - so in that sense their ownership is a tenant weird subordinate to the lease - I would explain, appraise, use other land lease comps and let the title people and attorneys sort it out. A lot depends on what happens at the end of the lease - 60 years form now -