How can property be transferred in Guam?

Property in Guam can be transferred primarily through a deed, which is a legal document that conveys ownership from one party to another. A deed must be executed following specific requirements set by law, including being in writing, signed by the grantor, and often notarized. This formal process provides a clear and recorded transfer of title, which is essential for establishing ownership rights in property transactions.

Other methods listed, such as property management agreements, verbal agreements, and leasing contracts, do not effectively transfer ownership. A property management agreement typically pertains to the management and upkeep of a property rather than transferring ownership. Verbal agreements, while sometimes enforceable, lack the formalities and legal standing of a written deed when it comes to property transfer, often leading to disputes and difficulties in proving ownership. Leasing contracts primarily provide rental rights rather than ownership rights, allowing possession for a specified term but not transferring title. Thus, the deed is the recognized and legally accepted means of transferring property ownership in Guam.