Common use of PROPERTY DIVISION Clause in Contracts

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:

Appears in 3 contracts

Sources: Settlement Agreement, Settlement Agreement, Settlement Agreement