Terms and Conditions Property should be situated in good commercial with congenial surroundings and proximity to public amenities like Bus stop, Banks, Markets, Hospitals, Schools etc. There should not be any water logging inside the premises and surrounding area. Offerer to provide adequate parking space for vehicles of Bank staff and customers. The premises should have good frontage and proper access. Preference will be given to premises ready for occupation. The owners of such premises will have to hand over the possession of premises within two months of the acceptance of their offer by the Bank duly completing the strong room and other Civil / Electrical works as required by the Bank. If it is vacant site, building should be constructed as per bank’s requirements/Specifications. The entire offered area be available in a single floor and preferably in Ground Floor. In case the offered premises split in Ground floor + Mezzanine floor or Ground and First Floor etc.,, both the floors should be interconnected by an internal staircase and the said staircase shall be available for exclusive use of Bank and shall be in the possession of the Bank. The premises shall be preferably freehold. If it is leasehold, details regarding lease period, copy of lease agreement, initial premium and subsequent rent shall be furnished and permissibility of sub-leasing shall be established. The title report proving ownership and clear marketability is to be enclosed. Lease agreement for the premises finalized will be entered into with the landlord/s. Minimum period of lease will be 10 years with enhancement in rent for the second block of 5 years (Rural/Semi Urban - 10% to 15%, Urban 15% to 20% and Metro - 20% to 25%) with – minimum notice period of 3 months for vacation by the Bank. Payment of rent will be on Carpet area basis only. Carpet area shall be arrived after joint measurement as per the Bank’s Carpet area Definition. The rent shall be inclusive of basic rent plus all taxes / cess present and future House – tax, property tax, and Municipal taxes. Maintenance charges and service charges like society charges etc. The rent will be paid from the date of taking possession of the premises. Nothing extra will be paid other than the monthly lease rent. If the offerers are not agreeable to bear any of the taxes / charges, it should be clearly mentioned in the offer. Service tax at the applicable rates on rental payment shall be borne by the Bank.
Terms and Conditions Property should be situated in good commercial with congenial surroundings and proximity to public amenities like Bus stop, Banks, Markets, Hospitals, Schools etc. There should not be any water logging inside the premises and surrounding area. Offerer to provide adequate parking space for vehicles of Bank staff and customers. The premises should have good frontage and proper access. Preference will be given to premises ready for occupation. The owners of such premises will have to hand over the possession of premises within two months of the acceptance of their offer by the Bank duly completing the strong room and other Civil / Electrical works as required by the Bank. If it is vacant site, building should be constructed as per bank’s requirements/Specifications. The entire offered area be available in a single floor and preferably in Ground Floor. In case the offered premises split in Ground floor + Mezzanine floor or Ground and First Floor etc.,, both the floors should be interconnected by an internal staircase and the said staircase shall be available for exclusive use of Bank and shall be in the possession of the Bank. The premises shall be preferably freehold. If it is leasehold, details regarding lease period, copy of lease agreement, initial premium and subsequent rent shall be furnished and permissibility of sub-leasing shall be established. The title report proving ownership and clear marketability is to be enclosed. Lease agreement for the premises finalized will be entered into with the landlord/s. Minimum period of lease will be 10 years with enhancement in rent for the second block of 5 years (Rural/Semi Urban - 10% to 15%, Urban – 15% to 20% and Metro - 20% to 25%) with minimum notice period of 3 months for vacation by the Bank. Payment of rent will be on Carpet area basis only. Carpet area shall be arrived after joint measurement as per the Bank’s Carpet area Definition. The rent shall be inclusive of basic rent plus all taxes / cess present and future – House tax, property tax, and Municipal taxes. Maintenance charges and service charges like society charges etc. The rent will be paid from the date of taking possession of the premises. Nothing extra will be paid other than the monthly lease rent. If the offerers are not agreeable to bear any of the taxes / charges, it should be clearly mentioned in the offer. Service tax at the applicable rates on rental payment shall be borne by the Bank.
TWO%20BID%20APPLICATION%20UTHANGARAI.docx