Common use of Division of Property Clause in Contracts

Division of Property. All property, real and personal, wherever situated, which the parties own jointly or individually, or in common with each other, shall be divided as follows: 2.1 Real Estate(check all that apply) □ We have no real estate. □ The husband has real estate which he owned prior to this marriage, or received by inheritance, and the wife is waiving her claims to his real estate, now and in the future. The property is located at: □ The wife has real estate which she owned prior to this marriage, or received by inheritance, and the husband is waiving his claims to her real estate, now and in the future. The property is located at: □ The parties jointly own real estate and agree to dispose of it as follows: Location: Disposed of as follows: □ Each party shall pay and hold the other harmless from any debt owing on real estate they receive. 2.2 Motor Vehicles(check all that apply) □ There are no motor vehicles titled in either party’s name. □ Husband shall receive, free and clear of any claims of wife, all right, title, and interest in the following motor vehicles: □ Wife shall receive, free and clear of any claims of husband, all right, title, and interest in the following motor vehicles: Each party shall pay for, and hold the other harmless from, any debt owing on the motor vehicle(s) they receive. The Clerk of Courts is ordered to transfer any of the motor vehicles listed above if necessary.

Division of Property. All property, real and personal, wherever situated, which the parties own jointly or individually, or in common with each other, shall be divided as follows: 2.1 Real Estate(check all that apply) □  We have no real estate. □  The husband has real estate which he owned prior to this marriage, or received by inheritance, and the wife is waiving her claims to his real estate, now and in the future. The property is located at: □  The wife has real estate which she owned prior to this marriage, or received by inheritance, and the husband is waiving his claims to her real estate, now and in the future. The property is located at: □  The parties jointly own real estate and agree to dispose of it as follows: Location: Disposed of as follows: □  Each party shall pay and hold the other harmless from any debt owing on real estate they receive. 2.2 Motor Vehicles(check all that apply) □  There are no motor vehicles titled in either party’s name. □  Husband shall receive, free and clear of any claims of wife, all right, title, and interest in the following motor vehicles: □ VIN VIN  Wife shall receive, free and clear of any claims of husband, all right, title, and interest in the following motor vehicles: VIN VIN Each party shall pay for, and hold the other harmless from, any debt owing on the motor vehicle(s) they receive. The Clerk of Courts is ordered to transfer any of the motor vehicles listed above if necessary.

Division of Property. All property, real and personal, wherever situated, which the parties own jointly or individually, or in common with each other, shall be divided as follows: 2.1 Real Estate(check all that apply) □ 🞏 We have no real estate. □ 🞏 The husband has real estate which he owned prior to this marriage, or received by inheritance, and the wife is waiving her claims to his real estate, now and in the future. The property is located at: □ 🞏 The wife has real estate which she owned prior to this marriage, or received by inheritance, and the husband is waiving his claims to her real estate, now and in the future. The property is located at: □ 🞏 The parties jointly own real estate and agree to dispose of it as follows: Location: Disposed of as follows: □ 🞏 Each party shall pay and hold the other harmless from any debt owing on real estate they receive. 2.2 Motor Vehicles(check all that apply) □ 🞏 There are no motor vehicles titled in either party’s name. □ 🞏 Husband shall receive, free and clear of any claims of wife, all right, title, and interest in the following motor vehicles: □ 🞏 Wife shall receive, free and clear of any claims of husband, all right, title, and interest in the following motor vehicles: Each party shall pay for, and hold the other harmless from, any debt owing on the motor vehicle(s) they receive. The Clerk of Courts is ordered to transfer any of the motor vehicles listed above if necessary.