An officially registered parcel of land with a unique cadastral number. Buying a parcela means buying a titled, surveyed plot. Key term in land transactions.
Plano Catastral
The cadastral map showing official land boundaries as registered with the national land registry. Should match the physical deslinde.
Pre-construcción
Pre-construction sale. Common in DR resort developments — buyer purchases before the building is complete. Typically offers lower entry price but carries completion risk. CONFOTUR benefits are often tied to pre-construction purchases.
Promesa de Venta
Same as Compromiso de Venta — a preliminary promise-to-sell agreement. Both terms are used interchangeably depending on the notary and region.
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.