• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Finance
Europe

King Charles’ Crown Estate is coming after Elon Musk’s Twitter over skipping rent payments on London offices

Orianna Rosa Royle
By
Orianna Rosa Royle
Orianna Rosa Royle
Associate Editor, Success
Down Arrow Button Icon
Orianna Rosa Royle
By
Orianna Rosa Royle
Orianna Rosa Royle
Associate Editor, Success
Down Arrow Button Icon
January 24, 2023, 5:57 AM ET
Elon Musk at Twitter carrying a desktop
Three lawsuits have now been filed by landlords against Musk's Twitter for rent arrears, including a case action that involves King Charles III. Twitter account of Elon Musk/AFP— Getty Images

Twitter is being accused of dodging rent (again).

Britain’s Crown Estate, an independent commercial business that manages the property portfolio belonging to the British monarch, filed a case against the social media giant over alleged unpaid rent at its London offices. 

Court lists showed the case against Twitter was filed at the High Court in London last week.

The Crown Estate, which is owned by King Charles and administers thousands of acres of Crown-owned land across the U.K., confirmed the action related to “rental arrears” over its premises at 20 Air Street, London. 

The 260-year-old company is one of the U.K.’s largest landowners—including 10 million square feet of property in London’s West End alone. Profits from the collection of land and buildings are collected by the British government, with $3 billion generated for public spending in the last 10 years. 

Since taking over Twitter last year, Elon Musk has been slashing costs, including cutting at least $1 billion in IT spending, auctioning surplus office furniture, and laying off more than half the workforce. 

Reports suggest that the tech giant’s London office near Piccadilly Circus has been deserted for some months, with Twitter signage and logos removed.

This isn’t the first time Musk’s company has gotten in trouble for being behind on rent

The British court case comes alongside similar trouble in the U.S., where Twitter failed to pay almost $6.8 million rent on its San Francisco headquarters in December and January, according to a lawsuit filed by the landlord.

Sri Nine Market Square drew $3.6 million from Twitter’s security deposit to satisfy the payment missed in December, but Twitter still owes $3.1 million in unpaid rent from January.

Twitter leases over 460,000 square feet of space across eight floors in the San Francisco building, according to the complaint. 

The landlord is also seeking to increase Twitter’s letter of credit to $10 million, based on a clause in its lease triggered by the transfer of control of the company, but said Twitter has refused to do so.

Meanwhile, earlier this month another San Francisco landlord accused Elon Musk’s company of not paying rent. 

The owner of 650 California St.—Columbia REIT, an affiliate of Columbia Property Trust—accused the tech giant of dodging $136,260 in rent payments for use of the 30th floor, according to the lawsuit. 

Nonpayment has been reported as part of Musk’s overall business strategy to keep costs down. So far the approach has gone from skipping rent to refusing to pay for jet flights taken.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Author
Orianna Rosa Royle
By Orianna Rosa RoyleAssociate Editor, Success
Instagram iconLinkedIn iconTwitter icon

Orianna Rosa Royle is the Success associate editor at Fortune, overseeing careers, leadership, and company culture coverage. She was previously the senior reporter at Management Today, Britain's longest-running publication for CEOs. 

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

CEO and Portfolio Manager Pershing Square Capital Management L.P. William Ackman speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City.
InvestingIran
Bill Ackman told spooked investors to get over the Iran war and buy Fannie and Freddie. Stocks surged 40% the next day
By Eva RoytburgMarch 30, 2026
18 minutes ago
EconomyBillionaires
Wealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. ‘They should pay their fair share’
By Catherina GioinoMarch 30, 2026
22 minutes ago
Commentaryoil and gas
Dollar doomsayers can relax: Iran’s ‘petroyuan’ gambit won’t topple the greenback
By Paul BlusteinMarch 30, 2026
30 minutes ago
powell
Economynational debt
Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Nick LichtenbergMarch 30, 2026
36 minutes ago
Senior woman using smartphone and laptop at home
Personal Financemoney management
Most Americans would rather ditch social media than their beloved banking apps, Wells Fargo survey says
By Jacqueline MunisMarch 30, 2026
1 hour ago
uber
North Americagig economy
It used to cost this Uber driver about $25 to fill up her Corolla. The Iran War has her trying on $40 for size
By Dee-Ann Durbin, Nick Lichtenberg, Matt Sedensky and The Associated PressMarch 30, 2026
2 hours ago

Most Popular

Europe
413,793 KitKat bars stolen: 'Whilst we appreciate the criminals’ exceptional taste, the fact remains that cargo theft is an escalating issue'
By Fortune EditorsMarch 28, 2026
2 days ago
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Fortune EditorsMarch 29, 2026
1 day ago
Energy
Russia was expecting a windfall from soaring oil prices, but relentless Ukrainian drone attacks are devastating nearly half its export capacity
By Fortune EditorsMarch 29, 2026
1 day ago
Personal Finance
Some cried. Others were speechless. How frontline workers walked away with checks averaging $240,000, nearly equal Wall Street bonuses, when KKR sold their company
By Fortune EditorsMarch 29, 2026
1 day ago
Energy
Saudi pipeline to bypass Hormuz hits 7 million barrel goal
By Fortune EditorsMarch 28, 2026
2 days ago
Success
She left a Silicon Valley VC to solve a problem left untouched for 88 years. Now her bra brand is the fastest growing at Nordstrom
By Fortune EditorsMarch 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.