Occidental Savings & Loan Ass'n v. Bell Federal Credit Union

Occidental Savings and Loan Association, a corporation, plaintiff sublessee, appeals from the trial court’s declaration that the sublessor and defendant-appellee, Bell Federal Credit Union, a corporation, incurred no liability by its inability to grant renewals to Occidental as provided in the sublease. We reverse and remand for further proceedings.

Bell, as lessee through its predecessor, and Masonic Templecraft of Omaha, as lessor, entered into a lease of a portion of a building on October 1,1971, forthe 10-year period beginning March 1, 1972, and ending February 28, 1982, with an option in…