> "landlord" has a legal obligation to renew your lease should it come close to expiry.
This isn’t true. Your landlord has a legal obligation to offer a renew at a fair price (method of calculation is laid out in law). But they have no obligation to actually renew if the leaseholder doesn’t make them. Long leases can absolutely expire, doesn’t happen very often, but it’s certainly not impossible.
> But they have no obligation to actually renew if the leaseholder doesn’t make them.
I don't understand your point. My understanding is that if there is more than 21 years left on the lease the landlord has zero recourse to not give you a renewal of, I think,50 years, and if you apply for it and they fail to respond it renews automatically.
Most people facing this will engage long before 21 years as well
This isn’t true. Your landlord has a legal obligation to offer a renew at a fair price (method of calculation is laid out in law). But they have no obligation to actually renew if the leaseholder doesn’t make them. Long leases can absolutely expire, doesn’t happen very often, but it’s certainly not impossible.