It is a contract by virtue of which one of the parties, or seller, undertakes to transfer the
ownership of a good to the other party, or buyer, in exchange for the latter’s delivery of the
ownership or dominion of another good. That is to say, it is a contract in which it is transmitted
the property of a good in exchange for receiving the full dominion or property of another good
(as if it were a barter).
Although it can also be the case in which one of the contracting parties delivers to
the other the good plus an amount of money, because the value of the good to be received by
is higher than the value of the good to be delivered. For this case to be considered as
exchange contract, the amount of money must be less than the value of the good, because if
the amount of money delivered or received is greater than the value of the good, the contract
would become a purchase and sale contract.
This form of contract is regulated by the Dominican Civil Code; the subject of
is discussed before the purchase and sale, since before the introduction of money,
traders based their activity on barter or exchange of products.
This type of contract is bilateral in nature, since it involves two parties (buyer and buyer).
seller), it is also onerous (since in exchange for receiving one good, another must be delivered),
allows the transfer of ownership of the goods that are the object of the contract, likewise
consensual (since it requires consent) and can be instantaneous or of successive tract
, depending on whether the good to be exchanged is delivered in a single act or
not.
The modality for the purchase of lots that many engineers are obliged to use is the one described above
, with a real estate property swap, that is to say, that of the cost of the lot, the owners
receive a percentage of the payment in cash and the other in apartments inside or outside the project.
Advantages and benefits of a sale with a real estate property swap:
- By negotiating, they can acquire the apartments at a lower cost.
- Possibility to design and adjust the apartment to your requirements.
- Choose apartments including terrace, additional parking, lockers,
orientation, average sizes, view, etc. - They do not have to go out to look for a new place to live, go through the process of
adaptation to the streets, clogs, etc. - The privilege of continuing to live in the area where they grew up and raised their children
is undoubtedly provided by the exchange of a real estate property. - Family unification, parents, children and grandchildren live in the building, sometimes
door to door. - They make safe and profitable investments in real estate.
