Twitter Evicted from Boulder Offices for Unpaid Rent, Joins Legal Battles Over Outstanding Payments

Twitter, the social media giant, has been evicted from its offices in Boulder, Colorado, due to non-payment of rent, according to local reports. The eviction order was issued by a Boulder County judge after the landlord filed a complaint against Twitter last month for failing to meet its rental obligations, as reported by the Denver Business Journal.

In 2020, Twitter signed a lease agreement for four office suites, totaling approximately 65,000 square feet, located at 3401 Bluff St. The offices accommodated around 300 Twitter employees. However, the landlord, Lot 2 SBO LLC, alleged in the complaint that Twitter had set up a letter of credit worth $968,000. This letter of credit allowed the landlord to access the funds if Twitter failed to make rent payments. According to the lease agreement, Twitter was obligated to replenish the letter of credit within 10 days if the landlord accessed the funds.

The complaint states that the landlord did access the letter of credit to cover Twitter’s rent in March, but Twitter failed to replenish the amount. In April, the landlord issued a “demand for compliance or possession” to Twitter, giving the company the option to either vacate the property or repay the letter of credit. However, Twitter did not comply with the demand. As a result, on May 31, a judge issued a “writ of restitution,” instructing the sheriff’s department to evict Twitter from the premises. The eviction order remains in effect for 49 days.

This eviction in Boulder is not an isolated incident for Twitter. The company is reportedly involved in legal battles over unpaid rent in San Francisco and London as well, according to various reports. These cases add to the mounting financial challenges faced by the social media platform.

Furthermore, the eviction comes in the wake of significant changes within Twitter. Last year, Elon Musk acquired the company, and in November, 38 employees at the Boulder location resigned. Additionally, Musk’s reorganization of the company resulted in the layoff of 87 employees.

Twitter’s struggle with unpaid rent and subsequent evictions underscore the financial strain the company is currently experiencing. As legal battles continue in different locations, Twitter faces an uphill battle in resolving its outstanding rent disputes and stabilizing its operations.