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.
You will only have a right to the improvements-- buildings and site work -- as long as the term of the ground lease. It also might make it much more difficult to obtain financing for your building on a ground lease. There are times when a ground lease is beneficial to a developer, to a tenant and to the property owner. But they are not without considerable risk. If you are contemplating a transaction with a ground lease get yourself a experienced commercial real estate broker and a good real estate attorney.