The point is set, this is how Kim’s property was divided with her ex-husband
Kim Kardashian and Kanye West divided multiple properties in the divorce settlement they reached Monday, with West notably agreeing to transfer Kardashian the title of a $4.5 million he purchased next door to her Southern California home after their split last year.
Kardashian, 42, will now be the owner of the five-bedroom home, which spans 3,650 sq. feet. She is expected to tear down the home — which West said he bought to be closer to his kids — as it is in need of multiple renovations, TMZ reported.
In addition to the home next door, Kim will retain rights to the $60 million estate in Hidden Hills, California she lives in with the kids, as well as property in Idaho.
The former celeb pair have finally settled their divorce after an ugly public battle that raged on for almost two years since they split.
In addition to the division of their multimillion dollar real estate portfolio, the pair have now come to an accord on the custody of their four kids and parenting plans.
Kardashian will get getting $200,000 in child support monthly, TMZ reported on Tuesday after reviewing court docs. West and Kardashian will share joint custody and have ‘equal access’ to their four kids North, nine, Saint, six, Chicago, four, and Psalm, three.
Insiders told TMZ that Kardashian will have custody of the children most of the time.
Under terms of the agreement, West will be responsible for 50 percent of the educational and security expenses for the four kids.
West and Kardashian agreed to attend mediation should they have a parenting disagreement, according to the outlet. Should one not attend the session, the attending parent will get to make the decision on the topic at hand.
The $200,000 monthly payment must be wired into Kim’s account on the first day of every month.
Both West and Kardashian waived receiving spousal support per the agreements of the prenuptial agreement they signed prior to their marriage, the outlet reported.
Sources told the outlet that Kardashian has tried in vain to reach an overall divorce agreement with West over the part year, but he continually refused ‘to participate in resolving’ the matter.
‘Kim’s patience was tested, but she handled things calmly and ultimately Kanye came around,’ the source told the outlet.
According to the outlet, Kardashian’s lawyer Laura Wasser was key in mediating between the parties to nail down an agreement between the exes.
Had they not settled, West would have had to give a deposition in the case and a trial would have commenced next month.
The settlement comes less than two months after a report that indicated West was preparing to agree to it.
The Blast reported October 18 that Kanye’s lawyer has filed a ‘declaration of disclosure’, a sign that their case was on the verge of coming to a close.
According to the documents, Kanye has turned over all of his financial information to his estranged wife’s legal team, and has also reached an agreement with her on how to divide their finances and property.
The new developments comes amid Kanye’s latest worrying behavior which has reportedly led Kim to distance herself from him, with the pair only communicating via assistants.
In terms of their divorce, The Blast writes that: ‘Typically, in cases of this kind, the disclosure is filed within days or weeks of the final judgment and settlement being filed.’
