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Sonder sues landlord for early lease termination
Reading Time: 2 minutesUS: Sonder has filed a lawsuit against developer Brian Spiers to exit its lease at a San Francisco property. The company hopes to make Spiers honour the early exit clause of their lease, while Spiers claims Sonder had not been paying rent since March. The suit alleges that state and local emergency orders to slow […]
Loftium cuts staff, misses rent payments due to coronavirus
Reading Time: 2 minutesUS: Seattle based hybrid short-term rental firm Loftium has struggled to stay afloat due to the travel drop caused by the global pandemic. According to The Seattle Times, the company has laid off approximately half of its staff and has begun withholding lease payments to its landlords. Loftium was founded in 2017 as a platform […]