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Legal experts say having a longer agreement tenure or a lock-in period in the contract can prevent the landlord from suddenly hiking the rent or asking the tenant to vacate.
Senior citizens who have accumulated hard-earned savings for use post-retirement are, unfortunately, the easiest targets for insurance companies, agents or even bank relationship managers (RM). Ideally, when an RM is assigned to you, they are meant to assist you in achieving your financial goals using their extensive knowledge about the products and services a bank offers. However, RMs, as expected, have their sales targets and hefty commissions to earn, so the advice they impart is always meant to be taken with a grain of salt.