Twitter owes its Boulder landlord three months’ rent, according to court documents a judge has approved the eviction of the tech firm from its office there.
It has become a popular fact that Twitter has been in shambles since the Elon Musk take over, and this has been followed by several allegations of unpaid bills. While a contractor being unpaid during a difficult transition is unpleasant but not uncommon, Twitter’s failure to pay rent for months implies that the company’s operations are in worse shape than anyone anticipated.
According to court records and Denver Business Journal reporting, Lot 2 SBO LLC, the Chicago-based landlord that owns Twitter’s Boulder office at 3401 Bluff St, was given a $968,000 letter of credit in February of 2020. It has been using this to pay the rent in lieu of regular payments (the specifics of this agreement are unclear), but the money ran out in March, and the company has not paid since. (Assuming rent is paid on a regular basis from that sum, it comes to about $27,000 each month, giving a sense of the values involved here.)
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The landlord brought it to court in May, and on May 31 the judge issued an order for the sheriff to aid with Twitter’s eviction within the next 49 days — that is, by the end of July. The case number in Boulder District Court is 2023CV30342.
Twitter’s Boulder headquarters formerly housed up to 300 people, but with layoffs, additional firings, and resignations, that number is likely to be less than half of the initial now.
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According to TechCrunch, they have confirmed the legal records cited by the Denver Business Journal, but the Sheriff’s office insisted that it could not comment on matters until they have been concluded. While researching the case, another appeared, perhaps validating a second instance in which a cleaning company is suing the company for $93,504 in unpaid costs.
However, in light of present occurrences, Twitter has not responded to a request for comment.
