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No, it's not a bucket to pay your rent.
by appleiigs 3y ago
No, it's not a bucket to pay your rent.
- red_trumpet 3y agoWhat's the $900,000 amount then? Is that just the limit, how much the bank will pay at most?
- appleiigs 3y agoIt's the max amount that the landlord can claim. It's typically a negotiated dollar amount between Twitter and landlord. Usually put in place at beginning of lease. Pretty much same as a rental deposit, but instead of giving cash, Twitter provide an letter of credit.