Guam § 4905 - Lease-to-Own Program; Establishment;
Full text of Guam Guam Code Annotated § 4905 — Lease-to-Own Program; Establishment;, with citation guidance and answers to common questions.
§ 4905. Lease-to-Own Program; Establishment;
Authorization to Participate.
The Guam Housing Corporation (“Corporation”) is hereby
authorized to participate in lease-to-own programs described in
this Act. The purpose of a lease-to-own program is to provide
mortgage financing for a residence occupied as a primary
residence by a prospective mortgagor pursuant to a lease-to-own
contract with the owner of such property. The lease-to-own
contract shall provide for the eventual purchase by the resident
of the residence and an interim lease of the residence prior to the
closing of the purchase thereof.
Frequently Asked Questions About Guam § 4905
What does Guam Code Annotated § 4905 cover?
Section 4905 ("Lease-to-Own Program; Establishment;") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 4905?
A common citation format is "Guam Code Annotated § 4905" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 4905 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.