Faraday Future avoids eviction at its LA headquarters, for now
FFIEFaraday Future(FFIE) TechCrunch·2024-04-04 05:18

Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right to trigger a 48-hour demand for payment and can boot Faraday Future if it doesn’t pay up. If Faraday Future makes its payments, it can stay in the building until September 2025 when the lease expir ...