Terms Used In 14 Guam Code Ann. § 2406

  • 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
consumer lease, other than one primarily for an agricultural purpose, may not provide that a lessee who has otherwise performed his obligations under the lease shall be liable for an amount upon

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14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 2 CREDIT SALES

termination of the lease in excess of twice the average periodic payment under the lease. An agreement in violation of this subsection is void.