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.
Interim Rent. The portion of a lease payment owed from. the delivery date of the vehicle to the lease. commencement date (if different from the. delivery date). Lease. A contract where a vehicle owner (lessor) conveys to another party (lessee) the right. to use a vehicle for a predetermined length.