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.
Contents: Lease vs Rent. Relationship Between Lease and Rent. In real estate, a lease is the contractual agreement that defines the terms of the use of a property. This includes what is being rented, for how long, and other stipulations that both parties agree to (e.g., whether pets are allowed on the property).