Answers ( 2 )

  1. I recently found this news on the internet that Amitabh Bachchan has given a property near his home ‘Jalsa’ on lease to SBI for rent of Rs. 18.9 lakhs per month. Isn’t that insane? No, not the part where Mr. Bachchan has leased out his property but the fact that you can actually expect such a good rental yield from a property if you lease it to the bank. Well, it is true indeed and I am sure many of us have asked this question ever since, how to approach banks to provide space for bank branch. 

    Don’t worry, I did some research on this and I am sure these tips that I am about to share with you will be really helpful.

    Requirements to rent your property to bank atm or bank branches

    There are certain prerequisites which you must take care of before approaching the bank with an offer. Here is a quick list for you:

    • The property size should be suitable to what bank demands
    • The property should preferably in a commercial market or commercial mixed market
    • Property should not be in a legal feud or no dues must be pending
    • All the property papers should be genuine and intact for verification
    • The property should have all the permission required from local and municipal authorities

    How to approach banks to provide space for bank branch

    There are three ways to approach bank to give your space on rent or lease:

    • Go to the bank

    Of course the first method is to approach the bank and speak with the bank manager if there is any need of this sort. Usually banks do tell about the requirement in areas they find fit for opening branches and installing ATMs. They will ask you to fill a form with details about you and your property.

    • Check bank website

    I found out ICICI bank’s news section had an ad to invite applications from property owners to propose their properties for ATM installation. The bank asked for many details including owner details, property details (address, pin code, landmark, property type, floors, carpet area, availability, furnish status, etc.). You can check out the link here https://leads.icicibank.com/NewSalesWeb/propertyHome.htm

    • Post a property ad on real estate website

    Banks do take notice of properties posted on various real estate websites. You can put your property ad out there in the public eye with all the details, dimensions and in fact pictures. This can help too.

    Post free property ad on NoBroker 

     

    Read here how to contact banks for renting property for ATM purposes


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    Best answer
  2. Hey friend,
    Financial independence has become the fastest mantra for everyone. Given how difficult it is to make a fortune with the help of a primary source of Income. People, even me, have been thinking of investing into a secondary source of Income. One of the best examples of it is renting your property. You will continue to receive rent from the tenants each month. To help you out, I will share with you how to give property on rent to bank.

    Banks need property for multiple reasons, to construct an ATM, to establish a bank branch, to create a helpline desk etc. If you have an empty space, I would highly recommend you rent it out to a financial; institution. Take a look below to know the process of how to give property to bank on rent.

    The first step of the process is ensuring your property crosses the eligibility criteria set by the bank.

    1. Direct Application :

    You can approach the bank of your choice with the proposal of renting out your property. You can even visit the bank physically to speak to the bank manager or service representative. Here, if the bank is looking for a space, they will share all the necessary requirements with you. You will have to fill a form and sign a contract.

    1. Customer Service :

    There are numerous banks that have a toll free customer service number. You can enquire about how to give my property on rent to bank via the helpline number. The bank customer rep will give you a fair idea about the process.

    1. Website :

    Another idea on how to give your property on rent to bank is a website. Ever since, everything has gone digital. Banks have decided to post ads for free space on their website. Just keep checking the bank site, you will soon spot an advert. Just reply to the advert with necessary information and perhaps a picture of your property.

    1. Indirect Application :

    You can post an advertisement for free on real estate websites like NoBroker. 

    Interested tenants  including banks will see your property listed online and get in contact with you. I put my property on rent via the NB app. The process was smooth and thanks to their quick actions. My property was rented within 10 days.

    Banks and bank representatives will check out the internet listing. If they like your property ,they will rent it. Now you know how to approach bank for rent.

    I hope all your doubts about how to approach a bank for rent space have been solved.
    If you want help with drafting a rent agreement, lease agreement. Check out NoBroker Rent Agreement Services for a hassle free experience.
    Read more :
    Can I give my non commercial property on rent for Atm?   
    What is wall treatment ?   
    How to sell my property fast?        


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