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.
A lease is a contractual agreement in which a leasing company (lessee) allows a customer (lessor) to use its equipment for a specific length of time (lease term). During that time, the lessor pays the lessee a set amount of money at specific times (usually monthly).