Glendale Federal Bank v. Hadden

Opinion

RYLAARSDAM, J.

Plaintiff Glendale Federal Bank (Bank), the beneficiary of a deed of trust in a leasehold interest, apparently failed to obtain an agreement from the property owners permitting it to cure the tenants’ default. When the tenants defaulted, defendants Nancy Hadden and the Nancy Hadden Trust (Landlords), the owners of the property, terminated the leasehold in an unlawful detainer action; they did not join Bank in the action. Thereafter, Bank sued for declaratory relief, seeking to establish that it maintained an “interest” in the now extinguished leasehold. Landlords…