Twitter has reportedly been evicted from its offices in Boulder, Colorado, due to unpaid rent. The landlord, Lot 2 SBO LLC, filed a complaint last month alleging that Twitter had failed to replenish a letter of credit worth $968,000 that the landlord was authorized to access if Twitter failed to make rent payments. The landlord drew from the letter of credit to pay for Twitter's rent in March, but Twitter did not comply with a demand for compliance or possession in April. A judge subsequently issued a "writ of restitution" on May 31, ordering the sheriff's department to evict Twitter.
Twitter signed a lease agreement for four office suites, totaling about 65,000 square feet, at 3401 Bluff St. in 2020, with roughly 300 employees working out of the offices. However, after Elon Musk bought Twitter last year, 38 employees at the Boulder location resigned in November and an additional 87 employees were laid off amid Musk's reorganization of the company.
This is not the first time Twitter has faced legal battles over unpaid rent. The company is also reportedly in legal battles over unpaid rent in San Francisco and London. However, Twitter did not immediately respond to FOX Business' request for comment on the matter.
In summary, Twitter has been evicted from its offices in Boulder, Colorado, due to unpaid rent. The landlord filed a complaint last month alleging that Twitter failed to replenish a letter of credit worth $968,000, and after Twitter did not comply with a demand for compliance or possession, a judge ordered the sheriff's department to evict Twitter. Twitter has also faced legal battles over unpaid rent in San Francisco and London, but did not immediately respond to FOX Business' request for comment.