Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In 21 Guam Code Ann. § 681103

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
I Maga=lahen Guåhan is hereby authorized to lease a portion, to be designated by I Maga=lahen Guåhan, of Lot No. 2288-1-1-1, located within the municipality of Mangilao, Guam, and the Fansagayan Policia (Police Koban) situated thereon to the Vietnam Veterans of America, Chapter 668, Guam, for an amount of One Dollar ($1.00) per annum and for a term not to exceed twenty (20) years, renewable for a like term lease subject to renewal by I Liheslaturan Guåhan, so long as lessee shall not cease to function or exist. The lease shall contain the following terms:

(a) The Vietnam Veterans of America, Chapter 668, Guam, shall be considered as having ceased to function should the Chapter fail to

COL2132017
21 Guam Code Ann. REAL PROPERTY
CH. 68 USE & DEVELOPMENT OF GOVERNMENT REAL PROPERTY

conduct a proper meeting as provided for by the chapter and national governing documents for a period of twelve (12) months.

(b) I Maga=lahen Guåhan may declare a cessation of activity or organizational existence upon a finding that the lessee is not maintaining the property, or is not in compliance with chapter and national governing documents or the laws of Guam or the United States.

(c) Lessee shall not demolish or cause to be demolished any portion of any structure located on the leasehold.

(d) The leasehold is not assignable nor may it be sublet.

(e) The use of the leasehold shall be limited to those activities consistent with the mission and purpose of lessee as detailed in its chapter and national governing documents for a period, and in no circumstances shall the use of the leasehold provide any personal pecuniary benefit to any member or members of the lessee or to any other person.

Nothing herein shall be construed to prohibit I Maga’lahen Guåhan from establishing additional terms in the lease or renewal.

SOURCE: Added by P.L. 28-04 (Feb. 15, 2005).

———-

ARTICLE 12
GUAM FLOOD SURVEY AND MITIGATION PLAN SOURCE: New Article added by P.L. 28-005:2 (Mar. 3, 2005).