San Fernando Assocs. v. Taylor CA2/7
Opinion
Opinion
INTRODUCTION
This is an appeal from the trial court’s grant of right to attach orders and issuance of writs of attachment against guarantors of a commercial lease who claimed they had satisfied the condition for release of their personal guarantees. We affirm.
FACTUAL AND PROCEDURAL SUMMARY
The Lease, Addendum and Guaranty. In December 2006, San Fernando Associates, LLC leased one of two units in an industrial building located at 355 Parkside Drive in San Fernando to Container Components, Inc. San Fernando Associates and Container Components executed a five- year AIR Commercial Real Estate Association Standard Industrial/Commercial Single Tenant Lease Agreement along with a contemporaneous addendum relating to tenant improvements, annual rent adjustments and other matters; in addition, Craig Taylor and Darlene Taylor (Container Components’ president and secretary) executed an AIR Commercial Real Estate Association Guaranty of Lease, acknowledging their financial interest in Container Components and further acknowledging San Fernando Associates would not execute the Lease if the Guarantors did not execute the Guaranty of Lease.1 The guarantee was limited to six months’ rent in…