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 business owner gains several advantages from a subordinated ground lease. When you lease land rather than buy it, you need less money upfront. Your rent payments are fully tax deductible as a business expense; when you buy land, by contrast, only the interest is deductible.