The San Francisco office belongs to the company Mr. Nine Market Square LLC. He said that Twitter has not paid $ 3.4 million in monthly rent and additional rent for January.
Legal difficulties have increased for billionaire industrialist Elon Musk, who is trying to cut expenses. Owners of Twitter’s headquarters in San Francisco and its UK offices are going to court over unpaid rent. according to court documents against twitter Allegations have been made in the lawsuits that the social media company has not paid the rent of its head office. The owner of the central London premises said he was taking the company to court over the issue of rent arrears.
Musk has been cutting costs extensively since last year’s $44 billion deal to buy Twitter. The case of non-payment of rent for the San Francisco office has already gone to court.
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$3.4 million owed in San Francisco
Apart from this, Musk has had to go to court several times in recent days to appear in another case filed by Tesla’s investors. The San Francisco office belongs to the company Mr. Nine Market Square LLC. He said that Twitter has not paid $ 3.4 million in monthly rent and additional rent for January.
Rent not received for two months
He told that the company has started legal action against Twitter. Rent has not been received for two months. The company told that the amount of one month’s rent was received from the letter of credit taken from Twitter as a security amount, but the rent of $ 3.4 million is left. The Crown Estate in London has also initiated legal action, where the Twitter office located near Piccadilly Circus has not received rent for two months.