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.
Leasehold owners must pay an annual ground rent to the freeholder, and usually will also have to pay maintenance fees and an annual service charge, which may include their share of the building insurance. But charges and fees vary property to property, often depending on the freeholderâs preferences and priorities.