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This document is a Request for Proposal (RFP) issued by the Punjab Masstransit Authority (PMA) for renting out specified spaces of track pillars of the Orange Line Metro Train (OLMT) corridor for
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01
Identify the spaces you wish to rent out.
02
Determine the rental price based on market rates.
03
Create a detailed description of the spaces including size, amenities, and location.
04
Take high-quality photos of the spaces to attract potential renters.
05
List the spaces on rental platforms or local classifieds.
06
Set clear rental terms and conditions, including duration and payment methods.
07
Respond promptly to inquiries from potential renters.
08
Screen potential renters to ensure reliability and responsibility.
09
Prepare a rental agreement outlining the terms of the lease.
10
Conduct a walkthrough with the renter before moving in.

Who needs renting out specified spaces?

01
Individuals seeking temporary housing.
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Property owners looking to generate additional income from unused spaces.
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Renting out specified spaces refers to the practice of leasing a particular area, such as a room, apartment, or commercial property, to tenants for a specified duration in exchange for rent.
Individuals or entities that rent out residential or commercial property and receive rental income are typically required to file renting out specified spaces documentation, including landlords and property management companies.
To fill out renting out specified spaces documents, one must provide detailed information about the rented property, rental terms, tenant details, and income received from the rental arrangement.
The purpose of renting out specified spaces is to provide housing or commercial facilities to tenants while generating income for the property owner.
Information that must be reported includes the address of the property, duration of the rental agreement, rent amount, tenant's name, and any other relevant terms and conditions of the rental.
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