A Santa Clara California Commercial Lease Agreement with Option to Renew and Right to Make Alterations is a legally binding contract between a landlord and a tenant for the lease of commercial property in Santa Clara, California. This agreement provides the tenant with the option to renew the lease term at the end of the initial lease period and grants the tenant the right to make alterations to the leased premises. The lease agreement outlines the terms and conditions of the lease, including the rent amount, lease term, and any specific provisions related to the option to renew and the right to make alterations. It is essential for both parties to review and understand the agreement thoroughly before signing to avoid any disputes in the future. 1. Type 1: Standard Santa Clara California Commercial Lease Agreement with Option to Renew and Right to Make Alterations: This is the most basic type of commercial lease agreement that includes provisions for both a lease renewal option and the tenant's ability to make alterations to the property. It typically covers standard terms and conditions of leasing commercial space. 2. Type 2: Modified Santa Clara California Commercial Lease Agreement with Option to Renew and Right to Make Alterations: This type of lease agreement may include specific modifications or additional clauses tailored to meet the unique requirements of the tenant or the property. These modifications can include additional terms related to the renewal option and the tenant's scope of alterations. 3. Type 3: Santa Clara California Commercial Lease Agreement with Specific Alteration Guidelines and Option to Renew: This type of lease agreement includes detailed guidelines and restrictions concerning the alterations that the tenant can make to the leased premises. It may specify what types of alterations are allowed, whether the landlord's consent is required, and any associated costs. Additionally, it includes an option for the tenant to renew the lease at the end of the term. In conclusion, a Santa Clara California Commercial Lease Agreement with Option to Renew and Right to Make Alterations is a comprehensive legal document that governs the relationship between a landlord and a tenant in a commercial leasing arrangement. Different types of agreements can exist based on the specific needs and preferences of the parties involved. It is crucial for both parties to seek legal advice when drafting or reviewing such agreements to ensure that their rights and obligations are protected.