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.
First and foremost, of course, is the fact that the landlord retains ownership of the fee interest. Additionally, the landlord avoids the risks associated with development of the property. b. Tenant The tenantâs primary motivation for a ground lease is similar to a primary motivation of the landlord.