UBI is passed from the tenants to the landlord in the form of higher prices, but is recouped by the LVT, which cannot be passed in reverse from the landlord back to the tenant.

LVT applies a $10k a year tax on a property

UBI gives everyone $2k a year extra

Landlord can increase rent by $2k a year to $17k, but not by $10k a year

Only way landlord can get back to $10k is to increase density, which increases supply, which introduces price pressure

From a moral point of view it gives every citizen an equal share in the country's land. If they use more than their fair share (a 0.5 acre lot in Manhattan), they pay more. If they use less (a 0.5 acre lot in Minnesota) they pay less.

That dividend could be distributed as increased public services, or lower taxes, or just as a dividend.