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When a person cannot repay a loan or the money that he has borrowed, he is said to be a 'bankrupt'. Thus option A is the correct answer. 'A person who is unable to pay his/her debt is called a 'bankrupt. '
In Ohio, a landlord has four years to sue for unpaid rent if there's an oral contract. A landlord has six years to sue for back rent if there's a written contract.
Here are a few key components: Keep it short and sweet. Your tenants are busy people, so make sure your message is clear and concise. Use friendly language. ... Be clear about the due date. ... Include a payment link. ... Offer a discount for early payment. ... Thank your tenants for their business.
If your rent is not paid, the money owed is called 'rent arrears'. Rent arrears are 'priority debts', which means the consequences of not dealing with them are serious - there is a risk of eviction.
The notice must give the reason for eviction. If there is no written lease, the reason for eviction can be simply that the landlord has decided not to renew the lease.