2 ms·
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 u
by varenc 6y ago
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/0001467623/000119312518055809/d451946dex1019.htm 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)