Most renters go into a new rental situation pretty blind about the landlord. It might be possible to look up previous code violations on the building, but harder to know whether the landlord is going to be the kind that takes months to get to emergency repairs or a nagging bed bug infestation. And in many cities, the housing or building department doesn’t inspect unless in response to a complaint or history of complaints. advertisement advertisement But what if landlords were licensed just like restaurants? When you go out to eat in many cities, you expect to see a sanitation grade that is based on a recent inspections. This provides more transparency to diners who don’t want to eat from a kitchen with rats or slightly-too-warm refrigerator. Toronto is working on establishing such a landlord licensing system, a concept that was backed by the mayor earlier this year. The city’s plan would involve regular inspections of all apartment buildings with more than … [Read more...] about What If You Could See A Rating For Your Landlord Before You Signed A Lease?
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By November 30, government employees and those availing the EPS (employees’ pension scheme) pension need to submit a life certificate to their banks to certify that they are alive and eligible to claim the amount. To the ensure continuation of your pension, the submission of the life certificate to your pension receiving bank is mandatory every year. In case you fail to submit this life certificate to the bank, the pension payment will not be made from January onwards. However, it can be resumed after submitting the life certificate, which is a tedious task for senior citizens.There are multiple ways for pensioners to submit the life certificate. You can choose what is convenient.Digital submissionClose You can submit the life certificate digitally through the Jeevan Pramaan website. This website was launched by the government in November 2014 to digitise the whole process. To obtain the digital life certificate, you need to provide your Aadhaar number, bank account details, … [Read more...] about Pensioners can submit their life certificates online or in paper format
Ever noticed a tightrope walker? You could easily notice one at fairs in India, especially in villages. Sometimes, even carefully balancing a pot on his/her head and holding a stick to help maintain balance as he/she treads gingerly from one end of the rope to another.It’s a high risk game! Fall and risk a fracture or break a limb. Reach the other end and earn admiration. You need nerves to even watch it.Buying unlisted shares available in a distress sale is akin to a tightrope walk. Whether you simply buy the shares of unlisted companies that its existing investors want to sell or from an alternate investment fund (AIF) that investors wish to exit midway, or even shares held by employees — these are some of the opportunities that could prop up time and again.Close If you’re vigilant, patient and have the money to spare there could be a fortune. But there’s no guarantee that you’ll make money here. And that is not just the only risk … [Read more...] about Buying unlisted shares and AIF units a tightrope walk, retail investors should stay away
Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
Often, individuals sign up for investment products just by looking at absolute numbers. “Double Your Money” or “Triple Your Money” are some of the best hooks to make someone write the cheque. Such an approach creates an optical illusion for the investor. However, it may not be the best thing to do unless you get into the details. An investor should first ascertain the compounded annual growth rate to figure out if he is being compensated for the risks he takes.This should best be understood with an example. We are always told to invest with a long-term view. Many people come across offers of doubling or tripling their money over a period of time. Say, invest Rs 1 lakh and get Rs 4 lakh after 20 years. Here you are being offered 300 percent returns over 20 years. Optically, it looks good. The only problem is, if you calculate returns this way, you will earn 300% returns in 20 years, 10 years or even four years. The reason why this 300 percent return is optical … [Read more...] about Use compounded growth rate, not absolute return, to gauge investments