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.
Generally, grazing leases are classified either as a âtenancy for a term of yearsâ or a âperiodic tenancy.â A tenan-cy for a term of years refers to any set lease term (whether months or years) that terminates upon the conclusion of the term.