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by varenc
2078 days ago
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The early cancellation payout was probably part of the original lease agreement. Big commercial contracts are dense and cover a lot of contingencies. You can usually find a public company's leases in SEC fillings. I couldn't find one for Pinterest, but I found Dropbox's 200+ page lease agreement here: https://www.sec.gov/Archives/edgar/data/0001467623/000119312... (it's a 15 year lease, with the cost increasing from $45 million/year to $68 million/years over the 15 years. Hope there's some option to re-negotiate in there) |
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