It is no secret to anyone that Elon Musk, despite being technically the richest person in the world, he has serious liquidity problems after the forced acquisition of Twitter.
This ends up being indirectly confirmed with the news that the landlord of the company’s corporate building has just sued the tycoon for the simple fact that he has not paid the rent in many months.
In the past we have shared the punctual count how the co-owner of Tesla Motors and SpaceX apparently ended up being forced to buy the social network when all he wanted was to inflate the value of his shares to sell them at a higher price.
However, the legal locks of the agreement prior to the acquisition ended up sealing Musk’s fate as CEO of this social network, which ended up giving us this turbulent period in recent months, where the fate of the platform seems increasingly uncertain.
Now in this recent turn of events it even seems that the social network is in danger of running out of a building for its operations.
Elon Musk is sued by his landlord: he owes months of rent for the Twitter building
An article from the magazine’s official website fortune reveals that Elon Musk has just been sued by the owner of the building they rent for their corporate offices.
The reason for the legal complaint before the courts is one that would never be expected from the subject with the most money on the planet: he has not paid the rent for his business since last November 2022.
According to the lawsuit document, the company that owns the property, located at 650 California Street, has not received from Elon the total amount of US$136,260 dollars, corresponding to the month of November, which have not been paid.
The owner of this building, which actually isn’t even Twitter’s San Francisco headquarters, sent a notice to the company from the December 16 informing him that they would be in default if he did not pay within the next five days.
Said payment never arrived, so the landlord of the building Columbia REIT 650 California LLC, has initiated the legal process against Elon Musk also seeking the payment of damages for the total back rent, as well as attorneys’ fees and other expenses.
The current lease agreement between both entities and which ended up being absorbed by Musk when he bought the company, marks a mandatory rental period of seven years from 2017.
At the time of writing this note, Twitter has not officially commented on this case.
