Common use of PROPERTY DIVISION Clause in Contracts

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 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 (cb), check and complete only the parts that apply, from (1) through (4) below. Cross out the parts that do not apply.] G (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) 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 . [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 requiredmust attach a copy of the property deed to this agreement.] (A) The (indicate Petitioner or Respondent) shall have a lien against protected interest in the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the lien protected interest 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) , 20 , the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. G (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 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 ☐ The legal description is included on the deed which is attached to this Agreement as Exhibit A Person obtaining all rights to the property: shall be conveyed property (“Grantee”): The Grantor conveys the above-referenced property to the (indicate Petitioner or Respondent) Grantee in fee simple. The (indicate Petitioner or Respondent) Grantee 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 datethis Agreement is signed by both (A) and (B), but neither one is requiredparties.] (A) The (indicate Petitioner or Respondent) Grantor shall have a lien against the home in the amount of Dollars ($ )home. Upon the sale or transfer of the home, the lien shall be paid. (B) The (indicate Petitioner or Respondent) Grantee shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner or Respondent) Grantor shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner or Respondent) Grantee is not able to refinance the home by (date) the deadline listed below, then 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 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.] G (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 Plaintiff or RespondentDefendant) in fee simple. The (indicate Petitioner Plaintiff or RespondentDefendant) 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.] G (A) The (indicate Petitioner Plaintiff or RespondentDefendant) 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. . G (B) The (indicate Petitioner Plaintiff or RespondentDefendant) shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner Plaintiff or RespondentDefendant) shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner Plaintiff or RespondentDefendant) is not able to refinance by (date) , 20 , the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. G (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 Plaintiff or RespondentDefendant) shall be responsible for all loan payments on the mobile home after the date of . G (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 (cb), check and complete only the parts that apply, from (1) through (4) below. Cross out the parts that do not apply.] ] Wife (initials) Husband (initials) Provided by the DeKalb County Superior Court and the Atlanta Legal Aid Society G (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) 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 . [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 requiredmust attach a copy of the property deed to this agreement.] (A) The (indicate Petitioner or Respondent) shall have a lien against protected interest in the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the lien protected interest 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) , 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 (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 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 (cb), check and complete only the parts that apply, from (1) through (4) below. Cross out the parts that do not apply.] 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) 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 . [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 requiredmust attach a copy of the property deed to this agreement.] (A) The (indicate Petitioner or Respondent) shall have a lien against protected interest in the home in the amount of Dollars ($ ). Upon the sale or transfer of the home, the lien protected interest 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) , 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 (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 owned by the parties shall be transferred or retained as follows:

PROPERTY DIVISION. [Check and complete only one of these, either (a) or (b) or (c). Do not check both (a), (b) and (bc). 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: [SEE THE NEXT PAGE FOR LEGAL DESCRIPTION] shall be conveyed to the (indicate Petitioner Plaintiff or RespondentDefendant) in fee simple. The (indicate Petitioner Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner Plaintiff or RespondentDefendant) shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner Plaintiff or RespondentDefendant) is not able to refinance by (date) , 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 (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 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 Plaintiff or RespondentDefendant) in fee simple. The (indicate Petitioner Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner Plaintiff or RespondentDefendant) shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner Plaintiff or RespondentDefendant) is not able to refinance by (date) , 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 (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 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 ☐ The legal description is included on the deed which is attached to this Agreement as “Exhibit A” Person obtaining all rights to the property: shall be conveyed property (“Grantee”): The Grantor conveys the above-referenced property to the (indicate Petitioner or Respondent) Grantee in fee simple. The (indicate Petitioner or Respondent) Grantee shall be responsible for all taxes, assessments and mortgage loan payments on the home after the date of the datethis Agreement is signed by both parties. [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.]Plaintiff’s Initials Defendant’s Initials (A) The (indicate Petitioner or Respondent) Grantor shall have a lien against the home in the amount of Dollars ($ )home. Upon the sale or transfer of the home, the lien shall be paid. (B) The (indicate Petitioner or Respondent) Grantee shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner or Respondent) Grantor shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner or Respondent) Grantee is not able to refinance the home by (date) the deadline listed below, then the home shall then be listed for sale at a reasonable price, and all reasonable offers to purchase the home shall be accepted. . ☐ (2C) Mobile Home - The parties’ mobile Other agreement(s) concerning the marital 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 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 Plaintiff or RespondentDefendant) in fee simple. The (indicate Petitioner Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) 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 Plaintiff or RespondentDefendant) shall immediately begin making reasonable efforts to refinance the outstanding mortgage/mortgages on the marital home, so that the (indicate Petitioner Plaintiff or RespondentDefendant) shall no longer be liable on the mortgage loan(s). If the (indicate Petitioner Plaintiff or RespondentDefendant) is not able to refinance by (date) , 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’ parties= mobile home, which is described as a (model and year) , with Vehicle Identification Number (VIN) of shall be transferred to the (indicate Petitioner Plaintiff or RespondentDefendant) . The (indicate Petitioner Plaintiff or RespondentDefendant) 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: