tiktok³ÉÈ˰æ

Rental Arbitrage Lease Addendum Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Rental Arbitrage Lease Addendum

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Rental Arbitrage Lease Addendum

"I need a Rental Arbitrage Lease Addendum for my luxury condominium in Vancouver, allowing me to operate short-term rentals on Airbnb and VRBO, with a specific focus on protecting the property's high-end furnishings and including a 60-40 revenue split with the landlord."

Document background
The Rental Arbitrage Lease Addendum is a specialized legal document used in the Canadian market when a tenant seeks to operate a short-term rental business from a leased property. This document becomes necessary when the original lease agreement doesn't explicitly address short-term rental operations, or when a landlord and tenant want to formalize their arrangement for rental arbitrage activities. It typically includes comprehensive terms covering operational requirements, insurance obligations, revenue arrangements, and compliance with local regulations. The addendum is particularly relevant in major Canadian cities where short-term rental markets are active and regulated, such as Toronto, Vancouver, and Montreal, and must comply with both provincial tenancy laws and municipal short-term rental bylaws. This document helps professionalize rental arbitrage operations while protecting the interests of all parties involved.
Suggested Sections

1. Parties: Identification of all parties: Primary Landlord, Tenant (Rental Arbitrage Operator), and acknowledgment of potential short-term rental guests

2. Background: Reference to the primary lease agreement, purpose of the addendum, and context of the rental arbitrage arrangement

3. Definitions: Key terms including 'Short-term Rental', 'Booking Platforms', 'Guests', 'Primary Lease', and other relevant terminology

4. Grant of Permission: Explicit permission from landlord for tenant to operate short-term rentals, including any specific platforms that may be used

5. Term and Termination: Duration of the addendum and conditions for early termination by either party

6. Operational Requirements: Specific requirements for operating the short-term rental business, including guest screening, cleaning, and maintenance

7. Insurance Requirements: Mandatory insurance coverage requirements for both property and liability

8. Compliance Obligations: Requirements to comply with local laws, regulations, and booking platform policies

9. Revenue Sharing: Any profit sharing arrangements between landlord and tenant, if applicable

10. Maintenance and Repairs: Responsibilities for property maintenance and handling repairs related to short-term rental operations

11. Representations and Warranties: Statements of fact and promises made by both parties regarding the rental arbitrage arrangement

12. Governing Law: Specification of applicable Canadian province law governing the addendum

Optional Sections

1. Property Improvements: Terms regarding permitted modifications to the property for short-term rental purposes, used when specific renovations or improvements are planned

2. Marketing Guidelines: Specific requirements for how the property can be marketed on platforms, used when the landlord wants control over property presentation

3. Noise and Behavior Policies: Specific rules for guest conduct, particularly relevant in multi-unit buildings or residential neighborhoods

4. Reporting Requirements: Detailed reporting obligations to the landlord, used when the landlord requires regular updates on operation

5. Emergency Management: Specific procedures for handling emergencies with guests, used in larger properties or where specific risks exist

6. Property Access: Terms governing landlord's access rights during guest stays, used when specific access arrangements are needed

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property and any areas excluded from short-term rental use

2. Schedule B - Approved Booking Platforms: List of approved platforms where the property may be listed

3. Schedule C - Insurance Requirements: Detailed insurance requirements including coverage types and minimum amounts

4. Schedule D - House Rules: Specific rules and guidelines that must be communicated to all guests

5. Schedule E - Cleaning and Maintenance Standards: Detailed requirements for property maintenance and cleaning between guests

6. Appendix 1 - Required Permits and Licenses: Copies or details of all required local permits and licenses for short-term rental operation

7. Appendix 2 - Emergency Contact Information: List of all relevant emergency contacts and service providers

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses




































Relevant Industries

Real Estate

Hospitality

Property Management

Short-term Rentals

Tourism

Legal Services

Insurance

Digital Platforms

Property Technology

Relevant Teams

Legal

Real Estate Operations

Risk Management

Compliance

Property Management

Asset Management

Business Development

Short-term Rental Operations

Contract Administration

Relevant Roles

Property Manager

Real Estate Lawyer

Short-term Rental Operator

Compliance Officer

Risk Manager

Real Estate Investment Manager

Asset Manager

Operations Director

Legal Counsel

Property Owner

Leasing Manager

Business Development Manager

Short-term Rental Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Name Change Addendum (Real Estate)

A Canadian legal document that amends existing real estate agreements to reflect the legal name change of one or more parties while maintaining all other original contract terms.

find out more

Professional Addendum

A Canadian law-compliant addendum for modifying existing professional service arrangements and their associated terms and conditions.

find out more

Early Termination Of Lease Addendum

A Canadian legal addendum that modifies an existing lease agreement to allow for early termination, outlining terms and conditions for both parties.

find out more

Project Addendum

A Canadian-compliant legal document that modifies or extends an existing project agreement to accommodate changes in scope, timeline, or deliverables.

find out more

Addendum To Remove Buyer From Contract

A Canadian legal document that formally removes one buyer from an existing contract while maintaining its validity for remaining parties.

find out more

Construction Contract Addendum

A Canadian legal document that modifies an existing construction contract, addressing changes in scope, timeline, or terms while ensuring compliance with federal and provincial construction laws.

find out more

Employment Contract Amendment

A Canadian legal document that modifies specific terms of an existing employment agreement while maintaining other original contract provisions.

find out more

Contract Addendum

A Canadian law-governed document that modifies an existing contract while maintaining other original terms intact.

find out more

Addendum For Extension Of Agreement

A Canadian legal document that extends the term of an existing agreement while preserving its original terms and conditions.

find out more

Addendum Letter

A Canadian-law governed letter document that formally modifies an existing agreement while maintaining its original terms and conditions.

find out more

Residential Tenancy Agreement Addendum

A Canadian jurisdiction addendum document that modifies an existing residential lease agreement to accommodate changes in tenancy terms or conditions.

find out more

Addendum In Real Estate Contract

A Canadian legal document that modifies an existing real estate purchase agreement while maintaining compliance with federal and provincial real estate laws.

find out more

Swimming Pool Addendum To Lease

A Canadian lease addendum that governs swimming pool usage, maintenance, and safety requirements in residential rental properties.

find out more

Short Term Lease Addendum

A Canadian legal document that temporarily modifies specific terms of an existing lease agreement while maintaining compliance with provincial/territorial tenancy laws.

find out more

Roommate Addendum To Lease Rental Agreement

A Canadian legal document that supplements an existing lease to formally add and establish terms for new roommates in a rental property.

find out more

Rental Arbitrage Lease Addendum

A Canadian law-governed lease addendum that authorizes and regulates rental arbitrage operations, allowing tenants to conduct short-term rental business in leased properties.

find out more

Purchase Price Addendum

A Canadian legal document that modifies the purchase price in an existing purchase agreement while maintaining all other original terms.

find out more

Price Reduction Addendum To The Listing Agreement

A Canadian legal document that amends an existing real estate listing agreement to reflect an agreed-upon reduction in the property's listing price.

find out more

Pool Addendum For Rental Agreement

A Canadian jurisdiction addendum to rental agreements specifically governing pool usage, maintenance, and liability terms between landlords and tenants.

find out more

Addendum To Lease Removing A Tenant

A Canadian legal document that modifies an existing lease agreement to remove one tenant while maintaining the lease's validity for remaining tenants.

find out more

Addendum To Lease Agreement Month To Month

A Canadian jurisdiction addendum document used to modify existing month-to-month lease agreements while maintaining compliance with federal and provincial tenancy laws.

find out more

Addendum To Lease Agreement Change Of Name

A Canadian legal document that amends an existing lease agreement to reflect a change in a tenant's or landlord's legal name while maintaining all other original lease terms.

find out more

Personal Property Addendum To Real Estate Contract

A Canadian legal addendum that specifies personal property items included in a real estate transaction, their conditions, and transfer terms.

find out more

Listing Contract Addendum

A Canadian legal document that modifies an existing real estate listing agreement between property owners and brokerages, subject to federal and provincial regulations.

find out more

Addendum To Consulting Agreement

A Canadian law-compliant document that modifies an existing consulting agreement, updating specific terms while maintaining other original provisions.

find out more

Commercial Lease Extension Addendum

A Canadian legal document extending an existing commercial lease agreement, specifying new term length and updated conditions.

find out more

Addendum To Buy Sell Agreement

A Canadian law-compliant document that modifies an existing Buy-Sell Agreement, incorporating specific amendments while maintaining the original agreement's core structure.

find out more

Co Signer Addendum Rental Agreement

A Canadian legal document that establishes a co-signer's obligations and responsibilities in guaranteeing a tenant's rental agreement obligations.

find out more

Closing Date Extension Addendum

A Canadian legal document that modifies the closing date in an existing purchase and sale agreement while maintaining all other original terms and conditions.

find out more

Cleaning Addendum To Lease

A Canadian legal document that supplements a lease agreement by specifying detailed cleaning obligations and standards for both landlords and tenants.

find out more

Addendum Loan Agreement

A Canadian legal document that modifies existing loan agreement terms while maintaining compliance with federal and provincial lending regulations.

find out more

Lease Transfer Addendum

A Canadian legal document that facilitates the transfer of lease rights and obligations from one tenant to another, maintaining compliance with federal and provincial tenancy laws.

find out more

Addendum To Mortgage Contract

A Canadian legal document that modifies specific terms of an existing mortgage contract while maintaining other original terms.

find out more

Addendum To Memorandum Of Agreement

A Canadian law-compliant document that modifies an existing Memorandum of Agreement, updating specific terms while maintaining other original provisions.

find out more

Lease Addendum Change Of Ownership

A Canadian legal document that formalizes property ownership changes while preserving existing lease terms and tenant rights.

find out more

Addendum To Listing Agreement

A Canadian legal document that modifies an existing real estate listing agreement, documenting changes to specific terms while maintaining other original conditions.

find out more

House Sale Contingency Addendum

A Canadian legal addendum that establishes terms and conditions for a home purchase contingent on the buyer selling their existing property.

find out more

Furnished Apartment Lease Addendum

A Canadian legal addendum to a residential lease agreement specifying terms and conditions for furnished rental properties.

find out more

Employment Contract Extension Addendum

A Canadian law-compliant addendum that extends an existing employment agreement while documenting any modifications to the original terms.

find out more

Employee Lease Addendum

A Canadian legal document that establishes terms for temporarily assigning an employee from their original employer to a host company, compliant with federal and provincial employment laws.

find out more

Earnest Money Addendum

A Canadian legal addendum that specifies earnest money deposit terms and conditions in real estate transactions, compliant with provincial regulations.

find out more

Early Occupancy Agreement Lease Addendum

A Canadian jurisdiction addendum to a lease agreement permitting tenant occupancy prior to the official lease start date, outlining terms and conditions for early access.

find out more

Contract For Deed Addendum

A Canadian legal document that modifies an existing Contract for Deed, allowing parties to adjust terms while maintaining the original seller-financing arrangement under provincial property laws.

find out more

Real Estate Contract Addendum

A Canadian legal document used to modify or amend existing real estate contracts, complying with federal and provincial property laws.

find out more

Addendum To Purchase And Sale Agreement

A Canadian legal document that modifies an existing Purchase and Sale Agreement, operating under federal and provincial property laws to formalize changes to the original transaction terms.

find out more

Internet Access Lease Addendum

A Canadian-compliant addendum to a lease agreement specifically governing the provision and terms of internet access services in rental properties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.