Land. Generic term for any plot of land, regardless of title status. Always verify whether terreno listings have a Certificado de Título or are pending deslinde.
Título de Propiedad
Property title — general term for the ownership document. Full legal title = Certificado de Título. Partial or pending registrations carry more risk.
Transfer Tax (Impuesto de Transferencia Inmobiliaria)
3% of the property's assessed value, paid at closing by the buyer. CONFOTUR-certified properties are exempt from this tax.
ADR (Average Daily Rate)
The average rental income earned per occupied night. In Las Terrenas, a 2-bedroom averages about $118/night across the year — roughly $124 in peak season, and up to about $198 with an ocean view. 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.