PROPERTY DIVISION Sample Clauses

PROPERTY DIVISION. The parties agree that the following marital property shall be divided as follows and such division is equitable:

PROPERTY DIVISION. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b). Do not list complete account numbers.] (a) The parties acknowledge that they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this agreement. (b) The parties acknowledge that they did not obtain any property during their marriage. (c) The parties acknowledge that they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession and title to their property as follows: [If you have chosen (c), check and complete only the parts that apply, from (1) through (4) below. Cross out the parts that do not apply.] (1) Marital Home - The marital home of the parties, located at the following address: ☐ The legal description is included on the deed which is attached to this Agreement as “Exhibit A” Person obtaining all rights to the property (“Grantee”): The Grantor conveys the above-referenced property to the Grantee in fee simple. The Grantee shall be responsible for all taxes, assessments and mortgage loan payments on the home after the date the datethis Agreement is signed by both parties. Plaintiff’s Initials Defendant’s Initials (A) The Grantor shall have a lien against the home. Upon the sale or transfer of the home, the lien shall be paid. (B) The Grantee shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the Grantor shall no longer be liable on the mortgage loan(s). If the Grantee is not able to refinance the home by the deadline listed below, then the home shall be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. ☐ (C) Other agreement(s) concerning the marital home:

PROPERTY DIVISION. [Check and complete only one option, (a) or (b). Do not check both (a) and (b).] (a) The parties acknowledge they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this Agreement. (b) The parties acknowledge they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession, right and title to their property as follows: [If you have chosen (b), check and complete only the parts that apply, from (i) through (iv) below. Cross out the parts that do not apply.] (i) Marital Home - The marital home of the parties, located at the following address:

PROPERTY DIVISION. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)]  (a) The parties acknowledge that they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this agreement.  (b) The parties acknowledge that they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession and title to their property as follows: (1) Marital Home - The marital home of the parties, located at the following address: , which has the following legal description on the deed to the property: shall be conveyed to the in fee simple. The shall be responsible for all taxes, assessments and mortgage loan payments on the home after the date of . (A) The shall have a lien against the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the lien shall be paid. (B) The shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the shall no longer be liable on the mortgage loan(s). If the is not able to refinance by , 20 , the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. (2) Mobile Home - The parties’ mobile home, which is described as a , with Vehicle Identification Number (VIN) of shall be transferred to the . The shall be responsible for all loan payments on the mobile home after the date of (3) Vehicles - The vehicles owned by the parties shall be transferred or retained as follows:

PROPERTY DIVISION. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b). Do not list complete account numbers.] (a) The parties acknowledge that they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this agreement. (b) The parties acknowledge that they did not obtain any property during their marriage. (c) The parties acknowledge that they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession and title to their property as follows: [If you have chosen (c), check and complete only the parts that apply, from (1) through (4) below. Cross out the parts that do not apply.] (1) Marital Home - The marital home of the parties, located at the following address: which has the following legal description on the deed to the property: shall be conveyed to the (indicate Petitioner or Respondent) in fee simple. The (indicate Petitioner or Respondent) shall be responsible for all taxes, assessments and mortgage loan payments on the home after the date of . [If you have chosen and completed the preceding paragraph (1), concerning a marital home, you may also check and complete (A) or (B), or both (A) and (B), but neither one is required.] (A) The (indicate Petitioner or Respondent) shall have a lien against the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the lien shall be paid. (B) The (indicate Petitioner or Respondent) shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner or Respondent) shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner or Respondent) is not able to refinance by (date) , the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. (2) Mobile Home - The parties’ mobile home, which is described as a (model and year) , with Vehicle Identification Number (VIN) of shall be transferred to the (indicate Petitioner or Respondent) . The (indicate Petitioner or Respondent) shall be responsible for all loan payments on the mobile home after the date of . (3) Vehicles - The vehicles ow...

PROPERTY DIVISION. Property acquired together to furnish the residence will be disposed of by one of the following methods: A. Property will be sold, and money divided equally, or B. Resident will buy out other resident(s). Sales receipts for the property will be kept and the buying out price shall not exceed original price paid minus 10% for depreciation.

PROPERTY DIVISION. The parties acknowledge they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this Agreement.

PROPERTY DIVISION. [Check and complete only one of the following choices.] (a) The parties acknowledge that they have already made a division of their marital property, including any real estate, vehicles, household furniture, furnishings, household goods, equipment, bank accounts, pensions and other personal property. Neither party shall claim any property in the possession of the other party as of the date of signing this agreement. (b) The parties acknowledge that they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession and title to the property as follows: 🞎 (1) Marital Home – The marital home of the parties, located at the following address: , Shall be conveyed to the in fee simple. The legal description of the property appears on the deed, a copy of which is attached to this Settlement Agreement. The shall be responsible for all taxes, assessments, and mortgage loan payments on the home after the date of . (A) The shall have a protected interest in the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the protected interest shall be paid. (B) The shall immediately begin making reasonable efforts to refinance the outstanding mortgage(s) on the marital home, so that the shall no longer be liable on the mortgage loan(s). If the is not able to refinance by , 20 , the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted.

PROPERTY DIVISION. [Check and complete only one of these, either (a) or (b). Do not check both (a) and (b)]

PROPERTY DIVISION. (Check and complete only one – do not list complete account numbers) (a) The parties acknowledge that they have already made a division of their marital property. Neither party shall claim any of the property in the possession of the other party as of the date of signing this agreement. □ (b) The parties acknowledge that they did not obtain any property during their marriage. (c) The parties acknowledge that they possess various items of marital property, which shall be divided as provided in this Agreement. The parties agree to transfer possession and title to their property as follows: □ (1) Marital home – The marital home of the parties, located at the following address: . The legal description is included on the deed which is attached to this Agreement as Exhibit A. Person giving up ownership of the property (“Grantor): Person obtaining rights to the property (“Grantee”): The Grantor conveys the above referenced property to the Grantee in fee simple. Unless otherwise set forth herein, the Grantee shall be responsible for all taxes, assessments and mortgage payments on the home after the date this Agreement is signed by both parties. □ (2) Mobile Home – the parties agree to the transfer of their mobile home as follows: