Which act governs the physical traits of condominiums in Guam?

The Horizontal Property Regime Act is the governing legislation that specifically addresses the physical traits and arrangement of condominiums in Guam. This act provides the legal framework for establishing and managing condominiums, detailing how properties are divided into individual units, as well as the common areas that are jointly owned. It defines important aspects such as the boundaries of individual units, the rights of owners, and the maintenance responsibilities for common areas.

This act is essential for ensuring that condominiums are organized in a way that is clear to all property owners, promoting effective governance and a well-defined community structure. The emphasis on “horizontal property” reflects the nature of condominium ownership, where different units exist side by side, often sharing walls and amenities. Understanding this act is crucial for anyone involved in condominium development, sales, or management in Guam, as it sets forth the legal obligations and rights of unit owners and helps maintain property values through conflict resolution mechanisms among owners.