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The Short Term Lease Addendum is essential in Canadian real estate practice when temporary modifications to an existing lease agreement are required. This document is commonly used when circumstances necessitate short-term changes to lease terms, such as temporary rent adjustments, temporary occupancy changes, or short-term modifications to property use conditions. It's particularly relevant in situations requiring flexibility while maintaining the overall structure of the original lease. The addendum must align with provincial/territorial residential tenancy laws and typically includes specific details about the modification period, affected terms, and conditions for reverting to original lease terms. It serves as a crucial tool for landlords and property managers across Canada to legally document temporary changes while protecting all parties' interests and ensuring compliance with local regulations.
