August 17, 2016 04:55 PM

Johnny Depp is breathing a sigh of relief after settling his nasty divorce with Amber Heard.

“Johnny is very relieved that it’s all over,” a source close to the actor tells PEOPLE.

Not only can Depp now put the divorce behind him, he also gets to keep his downtown Los Angeles condo, where an alleged domestic violence incident occurred between the former couple on May 21, two days before Heard filed for divorce.

“Johnny’s downtown condo was not part of the divorce settlement, and Amber has to move her things out,” says the source.

A rep for Heard did not immediately respond to a request for comment. The actress has been busy filming her latest movie, Justice League, in London for the last several weeks.

Police were called to the apartment on May 21, after Heard claimed in legal documents that Depp “threw [a] cellphone at me striking my cheek with great force” during a heated argument. She also claimed, “Johnny continued screaming at me, pulling my hair, striking me and violently grabbing my face.”

Amber Heard and Johnny Depp
Michael Kovac/Getty Images

Heard alleged Depp left the apartment after she texted her longtime friend and neighbor
Raquel Pennington, who arrived at the couple’s home and entered with a key previously provided by the actress, according to court documents.

An LAPD spokesperson told PEOPLE at the time that officers responded to the scene but determined “there was no evidence of any crime.”

Heard requested and was granted a temporary restraining order against Depp, and in court documents responding to Heard’s initial filing, Depp’s attorney, Laura Wasser, alleged that the actress was “attempting to secure a premature financial resolution by alleging abuse.”

Police were called again to the apartment on June 13. Neither party was present at the time, but Heard’s team reportedly alerted the cops after friends of Depp’s allegedly began removing personal items from the home in what Heard’s team believed was a violation of Depp’s restraining order. No arrests were made, and the LAPD told PEOPLE “officers left the location after keeping the peace.”

Depp and Heard reached a divorce settlement outside of court on Tuesday, just one day before their scheduled restraining order hearing.

The former couple confirmed the settlement in a carefully worded joint statement to PEOPLE, saying, “Our relationship was intensely passionate and at times volatile, but always bound by love. Neither party has made false accusations for financial gain.”

According to TMZ, Depp is set to pay the actress $7 million as part of the settlement.

On Tuesday, a judge dismissed the domestic violence case against Depp and terminated his temporary restraining order, according to documents obtained by PEOPLE.

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