19 Guam Code Ann. § 6110
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 19 Guam Code Ann. § 6110
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
All court orders authorizing the transfer, conveyance, encumbrance or lease of community real property or other real property owned by the
COL1242015
19 Guam Code Ann. PERSONAL RELATIONS
CH. 6 COMMUNITY PROPERTY
spouses as co-tenants in joint tenancy or tenancy in common may be recorded in the Department of Land Management.
SOURCE: CC § 164 enacted by P.L. 15-113:2.