When two parties create an agreement between themselves containing terms and conditions enforceable by law, it is called a private agreement. Such a contract is valid as long as there is mutual approval and if both parties are both parties agree to the obligations at the time writing the contract.
First, write down the basic details of the agreement like when it starts and when it ends. In this section, only mention the details of the two parties engaging. Suppose it is a lease agreement, then, in that case, you need to write down the name and contact details of the lessor and lessee.
In the next step, write down the recitals. This is kind of like the basic outline of the entire agreement. If we take the previous example, then the recitals section would include the information that this is a lease agreement between so and so [mention the full name of the two parties] and also write down what is being leased.
After the recital section, we should provide a description of the product, service or real estate that is part of this agreement. Suppose you are leasing your house. In that case, you have to mention both the location as well as the dimensions of your property as accurately as possible. If this is a different type of property with a property manager involved, his details need to be provided as well.
After fully describing the property or service involved in the agreement, we need to write down the terms and conditions of the agreement. If it is a property that you are leasing out then, in that case, this is should contain the details related to how he should be allowed to use the property and that he should return the property after the term is over in its original condition. The payment details can be included as a subsection in this.
In this section, the miscellaneous obligations need to be listed out. For example, there might be an instance when the tenant is not able to pay the installment of a certain month. What is to happen then? What are the extra charges that he is going to incur? How much time will he be given to make things good?
Finally, there should be a statement mentioning that both parties by signing underneath agree to the terms and conditions that have been stated above and promise to abide by them. After, that leave spaces for both parties put their names and signatures as well as the date of signing.
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