News for hackers. Stuff that matters.

A comment on Twitter is being evicted from its Boulder office over unpaid rent. Parent comment

Re:Twitter is being evicted from its Boulder office over unp... by appleiigs on Wednesday June 14, 2023 @04:17PM (#36331964)
No, it's not a bucket to pay your rent.
[ Parent | on HN ]
Re:Twitter is being evicted from its Boulder office over unp... by red_trumpet on Wednesday June 14, 2023 @04:48PM (#36332424)
What's the $900,000 amount then? Is that just the limit, how much the bank will pay at most?
[ Parent | on HN ]
Re:Twitter is being evicted from its Boulder office over unp... by appleiigs on Thursday June 15, 2023 @12:12PM (#36342667)
It's the max amount that the landlord can claim. It's typically a negotiated dollar amount between Twitter and landlord. Usually put in place at beginning of lease. Pretty much same as a rental deposit, but instead of giving cash, Twitter provide an letter of credit.
[ Parent | on HN ]