Twitter sued by landlord at SF headquarters after alleged $6.8 million in missed rent payments

The landlord of Twitter’s San Francisco headquarters sued the social media company on Friday after it reportedly failed to pay nearly $6.8 million in rent in December and January.

SRI Nine Market Square LLC alleges that Twitter failed to pay rent after it was given notice of default in December and breached the lease in a lawsuit filed in San Francisco Superior Court. The landlord said he drew most of Twitter’s letter of credit as a $3.6 million bond to meet December’s rent payment, but Twitter still owes $3.1 million in unpaid January rent.

The landlord is also seeking to increase Twitter’s line of credit to $10 million, based on a clause in the lease triggered by the transfer of control of the company, but said Twitter has declined to do so. Elon Musk bought the company for $44 billion at the end of October.

The plaintiff is a subsidiary of landlord Shorenstein and the JPMorgan Chase funds that own 1355 Market St., where Twitter leases 462,855 square feet of office space.

Multiple landlords are now suing Twitter for alleged non-payment of rent, including the owner of 650 California St. in San Francisco, who claimed Twitter owed $136,260 in back rent last month. The Crown Estate, which manages property for King Charles III of the United Kingdom, also sued Twitter over alleged unpaid rent in a London office, the Telegraph reported Monday. And Twitter was sued by his landlord for allegedly unpaid rent after leaving his Seattle office.

The New York Times reported last month that Twitter stopped paying rent in all of its offices in an effort to renegotiate leases and cut costs.

Twitter, which fired its communications team, did not immediately respond to requests for comment. Shorenstein declined to comment. San Francisco Business Times was the first to report the lawsuit.

Separately, San Francisco officials continue to investigate whether Twitter illegally converted office space into housing. In an update posted Monday, a building inspector contacted a contractor to renew a tenant improvement permit in the building and is attempting to take another in-person tour of the space. An inspector found beds in two rooms last month.

Roland Li is a San Francisco Chronicle staff writer. Email: Twitter: @rolandlisf

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