A property settlement agreement is an agreement between the spouses on how to divide the marital assets but this agreement cannot be filed with the Court. Our team of property division lawyers can help you navigate this confusing process.Arizona case law provides that Community Property is divided equitably. Dividing Property in a Divorce under Arizona Community Property Laws can be very complex. Call us to make sure you get the best possible outcome. Learn About How to Enforce a Property Settlement Agreement in Arizona from the Experienced Arizona Divorce Attorneys at Hildebrand Law, PC. In a tenancy in common (TIC) agreement, co-owners own a fractional share of the property.