14 Guam Code Ann. § 2413
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Terms Used In 14 Guam Code Ann. § 2413
- 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
With respect to a consumer credit sale or consumer lease the agreement may provide for the recovery from the buyer or lessee of reasonable attorneys’ fees not in excess of fifteen percent 15% of the unpaid debt at the time suit is brought, if paid or payable to an attorney not a salaried employee of the seller or lessor or his transferee. An agreement in violation of this Section is void.