Key Features of Padder Guarantor for Landlords

1. Missed Rent

• If a tenant fails to pay rent, Padder covers the arrears and ongoing rent payments (until the coverage amount is exhausted or the unit is re-leased).
• Example: If the landlord selected 12 months of coverage and the tenant defaults, Padder pays up to 12 months of rent​.

2. Lease Breaks

• If a tenant breaks their lease early or abandons the unit, Padder covers rent during the holdover or vacancy period.
• If the tenant never takes possession (e.g., fails to move in within 15 days of lease start), Padder covers up to 2 months of rent​.

3. Vacancy Loss

• Landlords are protected for rent loss while they re-lease the unit, up to the chosen protection limit.
• If the unit is re-leased at a lower rent, Padder can cover the difference during the remaining protection period​.