Buy or Rent a House

Promise of sale
Most real estate operations in the Dominican Republic begin with the signature of a sale promise or purchase option, where the buyer gives a deposit or advance to the seller who therefore is committed to sell its property to the buyer, under the terms contemplated in the promise or option.
With regards to binding contracts or sale promises it is recommended to look for a good, trusted lawyer, so that he can advise about the contract and its clauses.
Purchase of properties by foreigners.
There isn’t any restriction to the purchase of buildings on the part of foreigners at the present time in Dominican Republic.
Inheritance and real estate rights
The foreigners can inherit real estate in the Dominican Republic; nevertheless if they are not residents in the country, the inheritance deeds can increase in a 50% over what a resident would pay.

Renting a property
If you intend to rent a property in the Dominican Republic, it is advisable to start searching well in advance, to see and compare the different offers that exist in the market, and to reserve as soon as you find something suitable, since rental properties have much demand.
Rental prices will depend on the area, distribution, whether it is furnished or not, and of course the size of the property.

Within the most common requirements to rent a building there are:
To present a guarantor who commits himself to cover any debt in case the tenant does not pay.
To sign a rental contract, which will stipulate:
The price decided between the tenant and the proprietor or administrator of the building.
Duration of the contract.
The sum of money that is given in deposit.
Details of the tenant, proprietor or administrator of the building and the guarantor.

Can the owner of the rented property ask the tenant to vacate the property or increase the rent at any time?
The answer is no. A decree exists In Dominican Republic since 1948 on control of house rentals and oustings, that it is very clear as regards the rights and duties that the tenant has, and specifies in its article 2 that without the written consent of the tenant, it is absolutely prohibited for a landlord to increase the rent over the amount that at the moment is being paid for that reason, unless he is authorized by a resolution of the Bureau of control of house rentals and oustings. It also establishes that the landlord cannot demand a tenant to leave a property arbitrarily.