11 Guam Code Ann. § 20103
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Terms Used In 11 Guam Code Ann. § 20103
- Contract: A legal written agreement that becomes binding when signed.
- 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
: Amount.
The following tax shall be paid on each lease, agreement, memorandum, or contract for the hire, use, or rent of any land or tenements, or portion thereof:
(a) If for a period of one (1) year or less, One Dollar ($1.00).
(b) If for a period of more than one (1) year, and not more than
three (3) years, Two Dollars ($2.00).
(c) If for a period of more than three (3) years, Three Dollars
($3.00).
SOURCE: §19102 GC. Amended by P.L. 29-002:V:III:3 (May 18, 2007).