What are the formalities & documents required for leasing bank space on rent

Q: I have a property in Ferozepur that i want to give on rent for ATM & Bank branch space. Can any one tell me the formalities that i have to complete and documents that i need to have for it.

Also, how much would it cost to complete these formalities.

Anushka Govarikar, Firozpur

17th June 2015

Rentals in Firozpur

bank space on rent

space for bank atms

Follow Discussion

Also see discussions for

Firozpur Rentals Rentals in Firozpur

Replies (3)

Hello, First you need to have the lease ready,Then purchase the stamp paper (in case of a lease up to 4 years the cost is 2% of an average annual year rent plus Rs 100 if there is a security deposit) the stamp paper can be bought at the corporation bank.After that demand draft of Rs 1100/- for the court under which the property falls. The entire procedure will takes 2 hours.

Samarjit, Chandigarh

18th June 2015

Comment

Thanks, but I think you should take advice from legal expert also you should hire an agent to execute, coordinate, arrange and guide you through this process.

Ravi S, Chandigarh

18th June 2015

Hi Anushka, As per my knowledge various documents are required:
1. The original ownership proof/ property title
2. 2 passport size photographs
3. The AADHAR card or the receipt they gave you when you applied for it (this is mendatory) plus another ID proof, Driving license, passport, voting card etc.
4. The lease printed along with the stamp paper.
5 Demand Draft Of rs 1100/- as court charges

Jasbir Singh, Chandigarh

18th June 2015

Comment