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More landlords are suing Twitter over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices.
Sri Nine Market Square LLC, the owner of Twitter's San Francisco headquarters, located at 1355 Market St., is suing the company for failing to pay monthly rent and additional rent” for January amounting to $3.4 million.
Twitter had been leasing three floors in the building since 2011.
In December, Twitter fell behind on a similar amount of rent, which Sri Nine Market Square recouped from a letter of credit.
Twitter still owes $3.16 million in unpaid rent and Sri Nine Market Square is seeking late fees and interest plus attorneys’ fees.
Earlier this month, the owner of another San Franciso office of Twitter sued the company for back rentals.
In the UK, the Crown Estate has started court proceedings against Twitter after the latter fell behind on rent at its offices near London's Piccadilly Circus.
Twitter owner Elon Musk’s cost-cutting efforts after buying Twitter for $44 billion last year left the company on the hook for about $1 billion in annual interest payments.
Musk’s cost-cutting strategy has included slashing the company’s workforce and auctioning off memorabilia and fancy office furniture.
