How does Padder Guarantor work for landlords?
A quick overview of how Padder Guarantor fits into your leasing process.
You refer the tenant to apply for Padder Guarantor before lease signing. The tenant completes an application and, if approved, pays a one-time fee. Once payment is confirmed, you receive a coverage notice, and your rental income is protected if the tenant defaults during the coverage term.
Padder Guarantor provides up to 12 months of rent protection if your tenant defaults on their lease obligations at any point during the first 36 months, subject to your policy terms.