Re:Twitter is being evicted from its Boulder office over unp...
by TheNewsIsHere on Wednesday June 14, 2023 @04:26PM
(#36332103)
What kind of lease agreement requires that you be in the building? I am genuinely asking because I’m not familiar with that kind of stipulation.
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Re:Twitter is being evicted from its Boulder office over unp...
by mrtranscendence on Wednesday June 14, 2023 @04:42PM
(#36332335)
I know absolutely nothing about these agreements, but the idea seems at least plausible. An unoccupied building doesn’t get problems noticed or fixed, and could result in squatting.
Re:Twitter is being evicted from its Boulder office over unp...
by donedeals on Thursday June 15, 2023 @12:41AM
(#36336465)
It’s called a go dark clause. Fairly common in retail, not as common in office but it happens.
Re:Twitter is being evicted from its Boulder office over unp...
by 411111111111111 on Wednesday June 14, 2023 @04:40PM
(#36332302)
this is the proposed theory, basically: You have a contract for a 1 year lease but stop paying, getting evicted after the second month.
Saved 10 month of obligations
Re:Twitter is being evicted from its Boulder office over unp...
by WirelessGigabit on Wednesday June 14, 2023 @05:08PM
(#36332685)
Don't those leases have stipulations that are like "upon eviction the whole lease becomes due"?
Re:Twitter is being evicted from its Boulder office over unp...
by portpecos on Wednesday June 14, 2023 @06:52PM
(#36333965)
I hope not. When I was forced to leave my place, I couldn't even manage to pay the electricity bill. It'd simply be impossible for me to afford such a hefty sum + compound interest + late penalty fees, if the Landlord pursued me in a manner that led to my future wages being garnished to cover all that.
I resided there for four years and consistently paid on time, but by the fifth year, I simply couldn't meet all the financial obligations. I sincerely wish the Justice system would show more leniency instead of demanding that I repay the entire lease upon eviction.
Re:Twitter is being evicted from its Boulder office over unp...
by silverbax88 on Wednesday June 14, 2023 @08:42PM
(#36334946)
Residential leases and commercial leases are wildly different. Residential leases are fairly boilerplate but commericial leases are bespoke and negotiated.
Re:Twitter is being evicted from its Boulder office over unp...
by Cerium on Wednesday June 14, 2023 @05:56PM
(#36333328)
I think there was a grocery store in the Cupertino Vallco some years before it was torn down. They were dark with a small table out front selling apples on the honor system. As I understand they had some lease provision that they would be open to drive customer visits to the mall.