How Much Does Padder Protection Cost?
The cost varies based on factors like the property’s value, the level of protection required by the landlord, and the tenant's business’s financial profile.
How Padder Lease Protection is Priced
After submitting an application, both tenants and landlords will receive a customized quote tailored to the unique terms of the lease. This ensures fair and competitive pricing, offering a more affordable alternative to traditional cash deposits—while preserving the tenant’s liquidity for business growth, unlike a letter of credit.
Typical Pricing Range
While exact pricing depends on multiple factors, Padder Lease Protection typically costs between 3% and 10% of the tenant’s annual rent.
What Factors Influence Pricing?
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Protection Limit – The protection amount selected by the landlord.
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Monthly Rent – The overall value of the leased commercial space.
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Business Profile – The tenant’s financial standing and risk indicators.
How to Get a Quote
- A personalized quote will be issued after the tenant completes their application online. Approval typically occurs within 24 hours.