Leases would be broken if the dwelling no longer exist right? Is this how they plan to take ownership of the land and break all the Leasehold deals?

A large percentage of Maui real-estate in Lahaina is lease hold (rented) vs fee simple (ownership)

Maui Leasehold vs Fee Simple

https://mauiexclusiverealestate.com/leasehold-vs-fee-simple-properties/

Lessehold ownership is less common than Fee Simple ownership and most commonly seen in condominiums located on West Maui and South Maui. Leasehold ownership is when the Owner/Lessor leases property to a Buyer/Lessee for a set number of years. The Buyer/Lessee is allowed to occupy the property during the lease period and pays the initial purchase price plus a monthly lease payment to the Owner/Lessor. The Buyer/Lessee may also be responsible for their mortgage payment, property taxes, maintenance, and HOA dues. Most Leasehold leases initially start at 40 to 50 years and at predetermined times the lease rate is renegotiated. During Leasehold ownership the Buyer/Lessee can sell their remaining interest in the lease. The new Buyer/Lessee must be willing to accept the remaining lease terms. As Leasehold properties near their lease expiration the values tend to rapidly decrease. Lease expiration periods can be renegotiated, but if the Owner/Lessor is unwilling to extend the lease period the Buyer/Lessee must surrender the property back to the Owner/Lessor.

https://www.mauihawaiihomesearch.com/maui-leasehold-property-ownership/