306
Twitter is being evicted from its Boulder office over unpaid rent
(techcrunch.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Jun 2023
306 points (100.0% liked)
Technology
37730 readers
466 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
Ba dum tss! For real though, how did he think skipping rent was going to be ok?
It's one way companies cancel leases and may be the best way to break a lease depending on how it's written. Then they get evicted and the lease is cancelled.
Look at San Francisco and all the companies just walking away from buildings while stopping any payments to said leases and loans. It's not that uncommon.
What kind of damages would breaking a lease create compared to not paying rent and getting evicted after months? Why wouldn't you still be in the hook for breaking a lease?
Yeah, this really doesn't make a lot of sense to me. The way a commercial lease is written, you owe all rent for the agreed upon term, to be paid monthly. If you want to break the lease, early termination may have some slight benefit or a way to mitigate having to pay out the entire term- for example you may be able to find a new tenenat and negotiate a smaller fee for breaking the lease since the landlord will have no loss in income. If you just stiff them on the payments, they will obviously just sue you for the full amount with no way to mitigate that. Who would write a lease that let one party unilaterally out of their obligation when they break the terms of the contract?
I’ve done the same thing to all my landlords.