Virginia Property Settlement Agreement Template – US

Disclaimer

The information provided here is intended solely as a general example related to legal agreements for property division within the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or family law. Laws and regulations may vary by jurisdiction, and adjustments may be necessary to ensure compliance with local requirements. The use of this example is at your own risk, and no liability is assumed for errors, omissions, or consequences resulting from its use without professional review.

Please note: This is a sample Virginia Property Settlement Agreement template, provided for illustrative purposes only. Actual contractual terms may differ based on specific agreements and applicable Virginia laws.

Virginia Property Settlement Agreement Sample

Parties Involved:

Seller: John A. Doe
Address: 123 Maple Street, Richmond, VA 23220

Buyer: Jane B. Smith
Address: 456 Pine Avenue, Norfolk, VA 23503

Property Description:

The property subject to this agreement is located at 789 Oak Lane, Richmond, VA 23219, along with any associated rights and interests as specified herein.

Settlement Terms:

The parties agree to a settlement amount of $250,000, payable upon the transfer of title, as detailed in the closing statement and subject to any applicable Virginia transfer taxes and fees.

Parties’ Responsibilities:

Seller shall provide clear title and disclose any known encumbrances. Buyer shall conduct all inspections and funding procedures necessary for closing, in accordance with Virginia law.

Governing Law:

This agreement shall be governed by the laws of the Commonwealth of Virginia. Disputes will be resolved within the courts of Virginia.

Additional Provisions:

• All parties shall adhere to Virginia statutory requirements for property transfers.
• This agreement may only be amended in writing signed by both parties.
• All deposits and earnest monies shall be held in accordance with Virginia escrow laws.

Richmond, VA, ______________________