EXHIBIT 10.14
LEASE
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Dated at Duluth, Minnesota August 1, 1997
LESSOR ONEIDA REALTY COMPANY
LESSEE AMERICAN SCHOOLS OF PROFESSIONAL PSYCHOLOGY, INC., AN ILLINOIS
COMPANY dba MINNESOTA SCHOOL OF PROFESSIONAL PSYCHOLOGY. INC.
SPACE Suite 510 Lonsdale Building
USE Office and Classroom Space
TERM OF LEASE September 1, 1997 through August 31, 1999
RENT: ONE THOUSAND TWO HUNDRED THREE AND NO/100THS ($1,203.00) Dollars per
month, payable in advance on the first day of each month plus charges for
electric current used, with a minimum of $1.00 per month, and for bulbs or lamps
replaced.
Lessor will furnish heat, air cooling, elevators and janitor service, but
will not be liable for damages occasioned by a failure to furnish the same for
any cause not within Lessor's reasonable control. No interruption of such
services shall be deemed an eviction, or a disturbance of Lessee's use and
possession of the premises, or any part thereof, or render Lessor liable to
Lessee for damages, or relieve Lessee from performance of Lessee's obligation
under this lease.
Lessee accepts the premises as they are, and will not assign or sublet this
lease or these premises or make any alterations in premises without the written
consent of Lessor, and Lessee will keep premises in good order and pay for any
breakage or damage for which Lessee is responsible. Lessee shall use premises
only for above purpose and shall not use them in such manner as to give either
governmental authorities, other tenants, or Lessor just cause to complain.
Lessee may surrender possession of premises and thus terminate this lease if
Lessee does so within a reasonable time after premises have been destroyed or
rendered unfit for occupancy, as now provided by statute.
Lessor shall have reasonable right of entry for the performance of any of its
obligations hereunder, but no obligation to repair shall be implied from such
right or such entry.
Lessor may immediately cancel this lease by written notice to Lessee without
liability for damages to Lessee if (a) premises are materially damaged by fire
or other casualty or are taken or required to be substantially altered by public
authority, in which latter case all damages shall belong to Lessor; (b) if
Lessee breaks any covenant of this lease or is adjudged bankrupt, insolvent, or
insane, and on the happening of any of said events, Lessor may also pursue any
remedy allowed by law. A re-leasing of the premises by Lessor upon such
cancellation will not cancel Lessee's liability hereunder unless otherwise
agreed.
Lessee shall be liable for any expense to which Lessor is put in enforcing
this lease, and in case of default of Lessee. Lessor shall have a
warehouseman's lien on the personal property of Lessee on the premises to
protect Lessor's claim.
It is further agreed that as operating costs increase for the building in
which the demised premises are located, Lessor shall have the right, on May 1st
of any year of this lease, and upon sixty (60) days written notice, to increase
Lessee's rent in the same percentage that Lessor's operating costs have
increased since the last general rate adjustment for the building, which
occurred at the time of or prior to the beginning date of this lease. Lessor
shall have the further right, and with sixty (60) days written notice, to
increase Lessee's rent on May 1st of any year of this lease, by a proportionate
share of any increase in ad valorem taxes that are payable for the building and
land in such year in excess of the taxes paid in the immediately preceding
calendar year. The proportionate share increase shall be an amount determined
by a fraction, the numerator of which shall be the square feet rental area
covered by this lease, and the denominator being the net useable area of the
building. The result shall be added to the rent otherwise payable hereunder,
and shall be paid in twelve (12) equal monthly amounts commencing at May 1st.
The failure of Lessee to give Lessor written notice sixty (60) days in
advance of the expiration of this lease of a desire to cancel or renew the same,
shall entitle Lessor to continue said lease in full force and effect for one (1)
year from and after the date of its expiration, on the same terms and
conditions, this renewal clause included.
Lessee assumes all liability for any loss or damage whatsoever to any person
or property, howsoever caused or by whomsoever caused, occurring on or in the
premises leased herein to Lessee and arising out of, by reason of or during
Lessee's use, possession or occupancy of said premises, and agrees to assume and
hold Lessor harmless and indemnified from all such injury, loss or damage,
except that Lessee does riot hereby assume any liability for loss or damage
caused by the negligence of Lessor, its agents or employees.
The word 'Lessee' shall be construed in conformity with the number and nature
of Lessees herein, and this lease shall bind and inure to the benefit of the
successors in interest of both parties, except as otherwise provided herein.
Lessee's classes are scheduled for Friday's, approximately 1:00 p.m. until
6:00 p.m. and Saturdays's approximately 9:00 a.m. until 5:00 p.m. Lessor agrees
to provide validated parking for students attending classes during those hours.
AMERICAN SCHOOLS OF PROFESSIONAL ONEIDA REALTY COMPANY, LESSOR
PSYCHOLOGY, INC, LESSEE
By: /s/ Xxxxxxx X. Xxxxxxxxx By:
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Xxxxxx X. XxXxxxxx, President
