If you’re planning for an additional source of income from a vacant property, then it may be a great choice to rent your space for ATM! Banks usually take the space on rent for an ATM for a couple of years and renew the contract every 2 to 3 years.
How to Approach Banks:Banks usually publish advertisements in newspapers as well as share details on their website under the ‘tender’ section. I advise you to keep checking their website from time to time for such advertisements.
Approach them directly whenever you see any ad for the installation of an ATM in your location. Please remember that all these advertisements are valid for a few days, so don’t forget to check the last date of application.
Banks also release an application form on their websites. Just download this form and fill in the necessary details carefully. After that, the bank will decide on an ideal place for ATM installation
.
What All Do I Need to Rent My Space for ATM?
Below are some of the most common requirements of banks to see whether you’d be eligible to rent your space for ATM:
Your property will be considered if it is in a locality where people where there is a high activity of people
Your property will be preferred if it is closer to a bus station, railway station, government offices, colleges, and hospitals
Your space needs to have a rolling shutter
6KVA load is necessary for 1 machine installation
Your property should be commercial and in case it is not, then you should try approaching the municipal authorities for approval
Your property should be closer to the main road
Your property should only be on the ground floor
I hope all your doubts related to “how to rent my place for ATM” are clear now. If you want, you can post your property on NoBroker and enjoy a good rent every month!
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Authors Of The Question
Want to install atm at my place
Rajesh rinku
201 Views
1 Answers
3 Year
2021-08-05T21:04:56+00:00 2021-08-06T17:00:18+00:00Comment
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