More landlords are piling on Elon Musk's Twitter alleging unpaid rent – including, funnily enough, the British monarchy., the Crown Estate, which administers the monarchy's property portfolio, some of the priciest digs in Britain, has filed a claim against Twitter Inc and its UK subsidiary.
The dispute centers on the lease of Twitter's London headquarters in Air Street, Piccadilly Circus, where all branding has been removed despite the company continuing to maintain a presence at the site, according to building staff. To give you an idea of the costs involved in renting such prime real estate, Twitter signed a lease for the third floor in 2021 at £2.6 million a year, yet the Crown Estate's claim is understood to address alleged arrears for the first floor of the same building.it has issued court proceedings to Twitter for the rental arrears on its office space at 20 Air Street, London, following previous contact about the situation and is currently in discussions with the company.
The King of the United Kingdom and the Commonwealth is far from the only entity accusing Twitter of stiffing them for millions. Over the pond, SRI has sued the company claiming unpaid rent for its San Francisco headquarters to the tune of $3.16 million plus damages.claimed in a lawsuit that Twitter owes almost $140,000 for the 30th floor of another SF office, 650 California Street, where
Source: Law Daily Report (lawdailyreport.net)
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