Twitter Faces Lawsuit Over Unpaid Rent At U.S. And U.K. Offices

LONDON — More landlords are taking Twitter to court over unpaid rent. This time it’s the social media company’s headquarters in San Francisco and its UK office.

Twitter is facing a lawsuit over allegations that it failed to pay the rent of its headquarters, according to California court documents. Stated.

Musk’s $44 billion acquisition of Twitter last year forced him to pay about $1 billion in annual interest payments, saving him a lot of money. Twitter has already been taken to court earlier this month for failing to pay the rent of another office in San Francisco.

It’s the latest legal headache for Musk, recently in another class action lawsuit from Tesla investors, in which a 2017 tweet misled them about funding to take the electric car maker private. It claims to have

The billionaire Tesla CEO’s Twitter cost-cutting strategy also included cutting the company’s workforce and auctioning memorabilia and fancy office furniture.

Twitter did not respond to a request for comment. After the Musk acquisition, the company’s telecommunications division was closed.

The owner of Twitter’s San Francisco headquarters at 1355 Market Street is suing the company after failing to pay its latest monthly rent, according to documents filed Friday in California Superior Court.

The company’s Sri Nine Market Square LLC said Twitter “breached its lease by failing to pay monthly rent and additional rent” in January, bringing the total to $3.4 million.

Twitter, which has leased three floors of the building since 2011, paid the same amount in December but lagged behind. This was recovered from a letter of credit provided by Twitter as a security deposit. Filing said.

After using those funds, the landlord says Twitter still owes $3.16 million in unpaid rent and is seeking late fees and interest, plus legal fees. The social media company still occupies the property, according to the landlord.

In the UK, the Crown Estate has launched legal proceedings against Twitter after the company failed to pay rent at its offices near London’s famous Piccadilly Circus.

Crown Estate, which owns one of central London’s most expensive properties, said it took action following a previous contact with Twitter about unpaid rent and said it was in negotiations with the company, but offered no further information. I didn’t.

The Crown Estate is an extensive property portfolio that includes much of London’s Regent Street and the Windsor Estate. Although this is an independently operated for-profit enterprise, its profits are used as a benchmark for financing Sovereign Grants, the public money that finances the official duties of the British Royal Family.

Associated Press