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Terms Used In 21 Guam Code Ann. § 68204

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The deed or other agreement executed by the Governor in accordance with this Article shall contain a covenant requiring the purchaser to construct on the lot a dwelling in conformance with building requirements set forth in the laws of Guam. The deed or other agreement shall contain a restraint on either the alienation or sale of the real property for a period of ten (10) years after the deed or other agreement is executed except this restraint shall not apply in the event that title is passed under the laws of succession.

SOURCE: GC § 13553 enacted by P.L. 16-118:1.