Government property may be leased, subleased or rented through a number of the following various means:

• Request for Proposals (RFP) for Lease
  • Various government agencies may advertise the availability of property available for lease or development in local media as well as their own respective website and request prospective offerors to submit proposals to do so
  • Proposals are received, ranked, and negotiated in accordance with the criteria and procedure as outlined in the RFP with a goal to lease said property
  • This method may be initiated by either a government agency or a potential developer’s “Letter of Interest” to the government agency indicating a desire to lease
  • Leases are normally utilized for longer term, less restrictive, development and use and may also confer more use rights than other methods
• License
  • Various public agencies may also license properties directly to a potential tenant or developer
  • This method may be initiated by either a government agency or a potential developer’s “Letter of Interest” to the public agency indicating a desire to license
  • Licenses are traditionally utilized for short term (year-to-year)
  • Licenses are traditionally more restrictive with to specific use(s)
• Legislation
  • The Guam Legislature may lease or license government property through passage of a legislative bill for either a short or long term occupancy or purpose
  • This method requires introduction of a bill to lease by a sitting senate member, a (or a number of) public hearing(s) and final concurrence by the governor of Guam

The term (length of time) may be annually (year-to-year), less than 5 years, more than 5 years, or up to 99 years inclusive of the initial term plus any or all optional term(s). The term of a prospective lease may be determined by a number of factors, primarily depending on the property in question, the agency who has controlling interest in the property and, method utilized to secure a lease.

The cost (rent) to lease government property will depend on a number of factors, primarily depending on the property in question, the agency who has controlling interest in the property and, method utilized to secure a lease. While rental amount may be negotiated, Fair Market Value (FMV) is normally considered when determining the appropriate rental amount.

Contacting the respective agency directly, with a letter of interest in a particular property, who has controlling interest in the property is normally a recommended first step. If you do not know which agency has controlling interest in the property, please feel free to contact the GEDA office at 1-(671)-647-4332 or via email at help@investguam.com. If a particular property is already being leased or licensed by a third party, you may also contact the current tenant for additional information.

You should include, at minimum, the following items in a Letter of Interest:

• Date
• Your Name
• Your Organization
• Your contact information
• Description of the Property in Question
• Intended use and desired term for lease

Your letter should be addressed to the Director, General Manager, or Administrator of the public agency who has controlling interest in the property.

Private property leasing or renting requires you to contact the private individual, estate, or organization who owns, or has controlling interest in a property. If you do not know who the property’s controlling party is, you may contact any of Guam’s local real estate companies for further information.