Create a ATM Space Rental Agreement

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Commercial Rental Agreement

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ATM Space Rental Agreement

Drawn as rental agreement · 60 months · landlord and tenant

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Where is the property?

This tells us which Sub-Registrar has jurisdiction and which local rules to apply. Everything here goes into Schedule A of the agreement.

Type of property

Door / flat number*

Building / apartment name

Street*

Locality / area*

City / town*

District

Sets the court of jurisdiction.

PIN code*

Built-up areasq ft

sq ft

Floor

FurnishingChanges which clauses appear

An inventory clause and Schedule B have been added to your agreement. You will list the articles in the Clauses step.

Amenities available to the tenantOptional

Step 1 of 6

Running total

This documentDrafting fee: ₹400
Stamp paper₹100: ₹120
Extra pages4 sheets · ₹50 past the first: ₹150
Stamp duty1% · Govt of TN: ₹0
Registration fee1% · Govt of TN: ₹0
ServiceStandard: ₹450
GST18% on our fee: ₹184
Total: ₹1,304

Clauses generated

11 added from your answers:

No nailsNo liquorParking includedCommercial useRegistrationTemplate clause

Running total

Live document

RENTAL AGREEMENT

This RENTAL AGREEMENT is made and executed at on this .

BETWEEN

, residing at , hereinafter called as the “LANDLORD” (which expression shall unless repugnant to the meaning or context thereof include himself, his heirs, successors, executors, administrators and assigns) of the ONE PART.

AND

, residing at , hereinafter called as the “TENANT” (which expression shall unless repugnant to the meaning or context thereof include himself, his heirs, successors, executors, administrators and assigns) of the OTHER PART.

WHEREAS the LANDLORD is the absolute owner of the premises , AND WHEREAS the TENANT has requested the LANDLORD to rent-out the said premises more fully described in the schedule hereunder for COMMERCIAL PURPOSE and the LANDLORD has agreed to the same on the following terms and conditions.

NOW THIS DEED OF RENTAL AGREEMENT WITNESSETH:

1.The monthly rent for the premises hereby let-out to the TENANT is ₹0 (Rupees Zero Only) and the TENANT has agreed to pay it on or before the 5th of every succeeding calendar month.

2.The TENANT has agreed to pay a deposit of ₹0 (Rupees Zero Only). The TENANT shall pay this deposit to the LANDLORD on or before the date the tenancy commences.

3.The aforesaid security deposit will not carry any interest and the LANDLORD shall return this amount to the TENANT at the time of vacating and delivering vacant possession of the demised premises as it is let-out to the TENANT this day.

4.The TENANT shall pay separately the electricity charges, according to the meter readings for the demised portion, directly to the T.N.E.B.

5.The LANDLORD will be at liberty to deduct all such amounts as rent dues, electricity charges and other arrears, and also any damages to the building, wood work, electrical fittings and plumbing taps, at the time of the TENANT vacating the portion.

6.The TENANT shall not hammer any nails on the walls of the premises. If nails are hammered, the walls have to be cemented and the premises have to be painted in full and handed over at the time of vacating the said property.No nails

7.The tenancy shall be in force for a period of 60 months commencing from 15.09.2026 to 15.09.2031.

8.Both the LANDLORD and the TENANT agree that the period of tenancy may be extended for a further period of 60 months by mutual consent on fresh terms and conditions. On such renewal the monthly rent shall stand increased by 5%.

9.The TENANT shall not make any structural alterations or additions without the written consent of the LANDLORD.

10.The TENANT shall not sublet the demised premises or any part thereof to any third parties.

11.The LANDLORD or the LANDLORD's authorised representatives shall be at liberty to inspect the demised premises at all reasonable times without any interruption by the TENANT.

12.The TENANT shall not alter the use of the demised premises, which are let for commercial purpose, without the written consent of the LANDLORD.

13.The LANDLORD has every right to evict the TENANT irrespective of this agreement if the TENANT commits default in payment of monthly rent for a continuous period of 2 months.

14.This agreement is terminable by 1 month notice in advance on either side.

15.The law in force shall otherwise govern this agreement.

16.The TENANT shall not use the demised premises for any anti-social or illegal activities, and shall not consume or store liquor on the premises.No liquor

17.The LANDLORD shall provide the TENANT with 1 four wheeler parking slot(s) within the premises. The LANDLORD shall not be liable for theft of or damage to any vehicle parked at the premises.Parking included

18.The premises shall be used solely for the purpose of the lawful business notified to the LANDLORD and for no other purpose. The TENANT shall obtain and maintain every licence, registration and statutory approval required for that business at the TENANT's own cost.Commercial use

19.This agreement shall be registered before the jurisdictional Sub-Registrar. The registration charges and stamp duty shall be borne by the TENANT unless otherwise agreed in writing.Registration

20.The premises admeasuring approximately ____ square feet are let for the installation and operation of an Automated Teller Machine of the TENANT bank and for no other purpose.Template clause

21.The TENANT and its customers, staff, cash-replenishment agents and service engineers shall have access to the premises twenty-four hours a day on all days of the year, including holidays.Template clause

22.The LANDLORD shall provide an uninterrupted power supply point of ____ KVA and shall permit the TENANT to install, at the TENANT's cost, a power backup unit, air-conditioning, lighting, signage, CCTV and the necessary data cabling.Template clause

23.The ATM, the cash contained in it, the cabling and all equipment installed shall remain the exclusive property of the TENANT and shall be removed by the TENANT on vacating. The LANDLORD shall have no claim or lien over any of it.Template clause

24.The LANDLORD shall not permit any other bank to install an ATM within the same premises during the currency of this agreement.Template clause

25.The TENANT shall be responsible for the security of the ATM and its cash. The LANDLORD shall extend reasonable cooperation in the event of any incident.Template clause

Schedule Of The Premises

All that piece and parcel of .

In witness whereof the landlord and the tenant have signed this deed on the day, month and year above written in the presence of witnesses.

LANDLORD

TENANT

WITNESSES:

Name, address and signature