This Act prescribes that, in the event that certification of the aggregate tax valuation of the property in Guam, as set forth in §11 of the Organic Act of Guam (48 U.S.C. §1423a)is required, then the aggregate tax valuation of the property in Guam shall be certified as being one hundred percent of the appraised value of the property on Guam based on the last completed valuation conducted pursuant to section §24306, Title 11 of the Guam Code, as supplemented by the annual adjustments.

This Act adds a new section to the subdivision legislation of Guam so as to clarify the rights and obligations relative to public access and utility easements and thereby resolve a possible source of conflict among neighbours. The Act provides for clearer description and accurate registration of rights relative to an easement, access, roadway or right of way.

This Chapter makes provision with respect to unlawful transfers of real property in case of fraudulent transactions. Every instrument, other than a will, affecting an estate in real property, including every charge upon real property, or upon its rents or profits, made with intent to defraud prior or subsequent purchasers thereof, or encumbrancers thereon is void as against every purchaser or encumbrancer, for value, of the same property, or the rents or profits thereof.