Does Padder Guarantor help with non-financial lease breaches?
Padder Guarantor may help cover lost rent if a tenant’s non-financial breach leads to early lease termination and legal repossession, subject to the policy terms and limit.
Where a tenant’s non-financial breach results in early termination and legal repossession of the unit, the Padder Guarantor policy may respond to cover the resulting loss of rental income, subject to the policy terms and limits. Landlords must follow the standard reimbursement process and provide acceptable proof of relisting.