Answer ( 1 )

  1. If you have a commercial property and are planning to put it on rent. I will suggest leasing your property to a bank. There are many benefits of renting your property to a bank. Here I will describe, what is the rent paid by banks for commercial spaces plus what are the things you should know before renting your property to a bank.

    Banks pay rent to the property lender as per the market rate only. However, since the association in such cases is for a longer time period, the bank gets discounts from the lenders according to the agreement between the two parties.


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    Estimate Moving Cost Now

    Get Rental Agreement With Doorstep Delivery, Super Quick & Easy

    Create Rental Agreement Now

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    Banks criteria for shortlisting the property

     

    I am explaining the criteria followed by SBI bank for shortlisting the property:

     

    • The applicant should be the bonafide owner of the property.
    • All income tax restaurants are up to date for the applicant.
    • The building should be well maintained and construed as per the approved plan.
    • Ceiling height 12 to 15 feet height
    • The carpet area should be 2000 square feet.
    • The building should be free from hazards like floods, waterlogging, fire, etc
    • Space on the front side of the building for placing hoarding on bank’s name.
    • The period of the lease should be up to 10 years at the renewal time bank will pay 25% to the owner of the property.
    • Availability of parking space.

    How to give your property on rent to a bank

    Since you have figured out what is the rent paid by banks for commercial spaces, let us see how you can rent out your property to a bank. You can 

    Post your property ad for rent on Nobroker

    Or you can reach them out offline and close the deal.

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