FOUNDERS BANK OF ARIZONA v. Chrysler Realty Corp.

MEMORANDUM AND ORDER

YOUNG, District Judge. 1

I. Introduction

This action involves a dispute between Founders Bank of Arizona (“Founders”), as successor trustee to various trusts that owned certain real property in Scottsdale, Arizona (the “Property”), and Chrysler Realty Corporation (“Chrysler”), the former lessee of the Property. Founders contends that Chrysler failed to maintain a building located on the Property (the • “Building”) in satisfactory condition as required under the lease (the “Lease”). Specifically, Founders contends that Chrysler failed to maintain the roof of the Building and…