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?
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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.