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Faraday Future in danger of losing LA headquarters for failing to pay rent
Faraday Future could get kicked out of its LA headquarters for failing to pay rent, a bill that is now nearly $1 million.
The landlord, Rexford Industrial, filed a previously unreported lawsuit against Faraday Future this week in Los Angeles Superior Court that accuses the startup of missing its January and February lease payments, as well as associated maintenance fees and taxes. That previously unreported complaint, filed by BXP Realty in Santa Clara Superior Court on January 31, alleges that Faraday Future stopped making lease payments in December, leading to an outstanding balance of $127,311.16. In 2019, after a messy breakup with one of its financial backers, Faraday Future sold the Los Angeles headquarters to generate cash and leased it back from a subsidiary of New York real estate firm Atlas Capital.
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