Sample Property Settlement Agreement Template

37. The assets and their income, rents and profits collected by each party on the basis of this distribution of assets are, as of the time this judgment comes into force, the exclusive and distinct property of the parties concerned. To the extent necessary for this division, each party grants, transmits and assigns its right, title and interests to the other. 40. Each party is responsible for arranging insurance coverage for each insurance coverage for real estate received under this judgment. 50. The parties recognize that under California law, a debt or obligation may be transferred to one party as part of the division of ownership and debt, but if that party does not pay the debt or the commitment, the creditor may withdraw from the other party. 33. Once both parties have signed this judgment, all leases (with direct reversion rights) are terminated between the parties. The parties hold these assets as common tenants. This section applies to all property reports, including, but not just real estate, vehicles or institutional accounts.

In the execution of this judgment, and without regard to title status, each party waives all rights to the other party`s direct reversion effect. 52. The petitioner now has its own unique and distinct property, which is presented below. The respondent acknowledges that he did not claim or claim any rights, securities or interests on the property. The property is confirmed to the petitioner as its unique and distinct property: 54. As part of the division of the condominium or the condominium, each party waives all compensation rights in this case. Often, a divorce lawyer can help design an agreement that meets the needs of both spouses and then avoids confusion and controversy. Please contact divorce counsel Colleen Sparks to inform you of your rights when assessing the facts of your case before using this agreement or signing a mediation agreement.