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Terms Used In 21 Guam Code Ann. § 47202

  • Personal property: All property that is not real property.
Project instruments and time-share instruments creating time-share estates shall contain the following:

(a) the name of the village in which the property is situation;

(b) the legal description, street address and other description sufficient to identify the property;

(c) identification of time periods by letter, name, number or combination thereof;

(d) identification of time-share estates and where applicable, the method whereby additional time-share estates may be created;
(e) the formula, fraction or percentage of the common expenses and any voting rights assigned to each time-share estates and where applicable, to each unit in a project that is not subject to the time-share program;

COL120106
21 Guam Code Ann. REAL PROPERTY
CH. 47 TIME-SHARE OWNERSHIP

(f) any restrictions on the use, occupancy, alteration or alienation of time-share intervals;
(g) the ownership interest, if any, in personal property and provisions for care and replacement; and
(h) any other matters the developer deems appropriate.