Everyone desires to multiply their investments and get a good return on them. If you are an owner of a commercial property, then you have a great opportunity to get a great return on your investment as well as a fixed monthly income. One of the most popular trends in real estate nowadays is to rent out commercial property to financial institutions for ATM installation. The minimum space needed for ATM installation is just 10 feet by 10 feet.
Ways to Rent Out Your Property to a Bank for ATM Installation Purposes:Most public sector banks post advertisements regarding the same in a newspaper. So, read the newspaper carefully.
Ask your local area property brokers and check if they have any kind of dealings or relationships with the banks.
Place a banner on your property along with the contact number and mention that the property is available for ‘bank leasing’ purposes only.
Prepare an ATM installation application comprising every important detail of your property such as nearby landmarks, locality, area, etc., and submit it to the bank.
Then, the bank reviews the proposal and identifies the footfall and demand in the area, and processes the application accordingly.
After the application is approved, you will have to submit the details in the standard prescribed form.
Apart from the space for ATM installation, you will have to offer space for a server room as well as a facility of dish for network connectivity
The rent provided by banks varies between Rs. 60-150 per sq. ft. However, this can change as per the number of ATM transactions per day as well as the usual market rates.
Alternatively, you can post your property on NoBroker and get a good return without paying any brokerage!
Post a FREE Advertisement on NoBroker Easily Now!
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Want to give my property for atm.
SATYAPRAKASH
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2021-07-20T01:49:23+00:00 2021-08-06T16:18:32+00:00Comment
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