To pilot a commercial airline, captains must obtain an airline transport pilot's license from the Federal Aviation Administration (FAA). Applicants for this license must be at least 23 years old. Pilots also must also meet flight time requirements, pass a written and flight exam and meet health standards.
2 A. Introduction 1. Characteristics of a Ground Lease Most commercial leases which real estate lawyers encounter involve the lease of space in a building for a period of years. A ground lease, however, is a much different form of lease whereby the tenant leases the land rather than a building.
BREAKING DOWN 'Ground Lease'. A ground lease involves leasing land, typically for 50 to 99 years, to a tenant who constructs a building on the property. The ground lease defines who owns the land and who owns the building and improvements on the property. Subordinated and Unsubordinated Ground Leases.