Which of the following would likely be a reason for a tenant to prefer a land lease?

A tenant may prefer a land lease primarily due to the ability to develop the property without the burden of an upfront land purchase. This arrangement allows the tenant to invest resources in building and improving the property while avoiding the high initial costs associated with buying land. A land lease is typically structured so that the tenant can use the land for a specified period, often several years, while paying rent to the landowner. This financial structure is particularly appealing to businesses or individuals looking to minimize their upfront investment, maintain flexibility, or test a location's viability without committing to tangible asset ownership right away.

In contrast, desiring full ownership of the property would indicate a preference for purchasing the land outright, making this option less suitable for a land lease scenario. Similarly, while ownership of improvements can occur, it is not the primary reason for choosing a land lease. Additionally, long-term commitment to the same location is certainly beneficial but does not capture the essence of why a tenant would choose to lease land rather than own it. The primary advantage of the land lease is, indeed, the ability to develop the property without the initial cost associated with buying the land.