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Terms Used In 21 Guam Code Ann. § 60113

  • 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
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Notwithstanding any other provision of law, government- owned real property shall not be conveyed directly or indirectly in the form of a life estate. The transfer of any future life estate of government-owned real property shall be deemed void and such interest of the transaction shall automatically revert to the government of Guam.

SOURCE: Added by P.L. 19-013:2 (Dec. 1, 1987) as GC § 13009.

§ 60114. Provision for Leasing of Government Owned
Property for Commercial Purposes.

(a) Notwithstanding any provision of law, rule or regulation to the contrary, the government of Guam is authorized to lease

COL 7/27/2023

21 Guam Code Ann. REAL PROPERTY
CH. 60 LAND MANAGEMENT

government-owned property for a term not exceeding fifty (50)
years for commercial purposes.

(b) No portion of the leased land shall be sub-leased without the written consent of the Governor, approved as to form by the Attorney General and approved by the Legislature as provided in
§ 60112 of this Article.

(c) All leases shall be executed by the Governor, attested by the Lieutenant Governor and be approved as to form by the Attorney General.

(d) A copy of every executed lease shall be filed with the
Department of Administration.

(e) The lease shall be approved by the Legislature as provided in § 60112 of this Article.

SOURCE: Added as uncodified law by P.L. 15-006:3 (Feb. 28, 1979). Codified to this section by the Compiler.

NOTE: Pursuant to the authority granted by 1 Guam Code Ann. § 1606, the reference in subsection (e) to § 3 of P.L. No. 12-061 (Nov. 27, 1973) has been altered to refer to the codified provision.

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