The largest and most internationally developed town on the Samaná Peninsula. The primary market for vacation rental investment in the region, with strong French and Italian expat communities.
See also on Evalua
Lotificación
A subdivision of land into individual lots. If buying within a lotificación, verify the subdivision was legally approved and each lot has its own registered title.
Legítima (Forced Heirship)
The reserved portion of an estate that Dominican law sets aside for protected heirs (children and a surviving spouse). Forced heirship applies to DR-situated real estate regardless of a foreign owner's home-country will, so only the remainder can be freely willed. A Dominican will and the right ownership structure are the usual ways to plan around it.
ADR (Average Daily Rate)
The average rental income earned per occupied night. In Las Terrenas, ADR for a 2-bedroom villa runs $140–$180/night in peak season. A key input in calculating a property's revenue potential.
Acto de Venta
The final deed of sale, signed before a notary, that transfers legal ownership from seller to buyer. The equivalent of a closing deed in the US system.
Apartamento Turístico
A tourism-classified apartment, often qualifying for CONFOTUR tax incentives. Classification affects both tax treatment and permitted rental use.
Bien Inmueble
Legal term for real property (land and anything permanently attached to it). Used in all formal documents and title registrations.