It is a contract under which one of the parties, or the seller, agrees to transfer the
ownership of a good to the other party or buyer, in exchange for the latter delivering the
ownership or control of another asset. In other words, it is a contract in which ownership is transferred
the ownership of one asset in exchange for receiving full ownership or title to another asset
(as if it were a barter).
However, it is also possible that one of the contracting parties may deliver to
The other is the good plus a sum of money, because of the value of the good that will be received
is greater than the value of the asset to be delivered. For this case to be considered as
In a barter agreement, the monetary amount must be less than the value of the asset, because if
The amount of money given or received is greater than the value of the asset, the contract
It would then become a sales contract.
This type of contract is regulated by the Dominican Civil Code; it deals with the issue of
the exchange prior to the sale, since before the money was introduced,
Merchants based their activity on bartering or exchanging products.
This type of contract is bilateral, as it involves two parties (buyer and
seller), is also onerous (since in exchange for receiving one good, another must be given),
It allows the transfer of ownership of the goods covered by the contract, in the same way
consensual (since it requires consent) and can be instantaneous or tract-based
successive, depending on whether the good to be exchanged is delivered in a single act or
No.
The method for purchasing land that many engineers are required to use is the one described above.
above, with an exchange of real estate, that is, from the cost of the land, the owners
They receive a percentage of the payment in cash and the rest in apartments inside or outside the project.
Advantages and benefits of a sale with exchange of a real estate property:
- By negotiating, they can acquire the apartments at a lower cost.
- Possibility of designing and adjusting the apartment to suit your requirements.
- Choosing apartments including the terrace, an additional parking space, lockers, the
orientation, average sizes, view, etc. - They don't have to go out and look for a new place to live, go through the process of
adaptation to streets, traffic jams, etc. - The privilege of continuing to live in the area where they grew up and raised their children
It undoubtedly provides this through 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.
