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.
If your property is a leasehold property youâll have to pay an annual charge, known as ground rent, to the person who owns the freehold. The solicitor who helped you purchase the property will be able to explain if the property is a leasehold or freehold property. Apartment buildings are often sold as leaseholds.