--- title: How to apply for Padder Deposit on its own description: "Apply for standalone Padder Deposit: enter your building, unit, move-in date and rent, get an instant quote and pay by e-Transfer or card. No documents, no credit check." image: https://help.padder.com/hubfs/Partner_Brand_Centre/Padder_Link_Preview_1200x630.png --- [Skip to content](https://help.padder.com/how-to-apply-padder-deposit#main-content) [![Padder Logo](https://help.padder.com/hs-fs/hubfs/Padder%20Logo.png?width=250&height=72&name=Padder%20Logo.png)](https://help.padder.com) - [Help Centre](https://help.padder.com/) - [Claims Centre](https://resources.padder.com/claims) - [Contact support](https://resources.padder.com/support) Open main navigation Close main navigation - [Help Centre](https://help.padder.com/) - [Claims Centre](https://resources.padder.com/claims) - [Contact support](https://resources.padder.com/support) Search the Help Centre - There are no suggestions because the search field is empty. 1. [Padder Help Centre](https://help.padder.com/) 2. [Residential Tenant](https://help.padder.com/residential-tenant) 3. [Applying to Padder: How the Process Works](https://help.padder.com/residential-tenant#applying-to-padder-how-the-process-works) October 9, 2026 # How to apply for Padder Deposit on its own ## Two ways to get Padder Deposit — through your Guarantor application, or as a shorter standalone application. ### How to Apply for Padder Deposit There are two ways to get Padder Deposit, depending on how you're approved for your lease: 1. **Through a Padder Guarantor application**, or 2. **Through a standalone Padder Deposit application**. In all cases, you apply for the unit with the landlord or property manager first. Padder comes in after they've reviewed your rental application. --- #### **Option 1: Through a Padder Guarantor application** If you're applying for Padder Guarantor and Padder Deposit is accepted at your property, you complete the Padder Guarantor application with your household. Once you're approved, Padder may also offer you the option to add Padder Deposit to that same lease at checkout, so you can replace a Last Month's Rent deposit with a one-time Padder Deposit premium. - See**[*How to Apply for Padder Guarantor (Padder Guarantor + Deposit)*](https://help.padder.com/how-to-apply-padder-guarantor)** for that flow. #### **Option 2: Standalone Padder Deposit application** If you've already been approved for the lease on your own (no Padder Guarantor needed) and your building offers Padder Deposit, you can use the standalone Padder Deposit application. It takes a few minutes, and only one roommate, the primary applicant, completes it for the whole lease. There is no questionnaire, no document upload and no waiting for a decision: you get your price straight away and can buy your policy in the same sitting. ***A note for the primary applicant:*** in the standalone flow, the primary applicant secures the policy for the lease. If a claim is ever paid, repayment is the primary applicant's responsibility. Make sure you and your roommates are aligned on any cost-sharing before you proceed. - You can read how claims and repayment work in **[*What does Padder Deposit cover?*](https://help.padder.com/what-does-padder-deposit-cover)** --- ### Standalone Padder Deposit — step by step #### 1. Apply with your landlord first Start by applying for the unit with your landlord or property manager as normal. If they refer you to Padder Deposit after reviewing your application, follow the steps below. #### 2. Find your property Go to Padder.com, select 'Sign Up' or 'Get Approved', and choose 'Padder Deposit'. Type your building's address or name and press 'Let's get started'. If your building is set up for Padder Deposit you'll see "Your property is Padder approved." If it isn't, see Can't find your property when applying? #### 3. Confirm your unit, lease start date and rent Enter your unit number (optional), your lease start date and your monthly base rent. Padder Deposit provides protection for your building equal to one month's rent and replaces your last month's rent deposit. You'll then see your one-time Padder Deposit premium for the lease. Padder premiums are not deposits. Your premium buys insurance coverage. You can cancel for a full refund, before you sign your lease. Once your lease is signed, the policy generally can't be cancelled or refunded. If your plans have changed, email [support@padder.com](mailto:support@padder.com) and our team will look at your situation. Press 'Make Payment' to continue. Only the primary applicant completes this for the entire lease. #### 4. Sign your agreement On the payment page, tick the two boxes: the Terms of Service, Privacy Policy and Refund Policy, and the Padder Deposit agreement. Clicking the agreement opens the full policy and Indemnity Agreement; scroll to the end, type your full legal name and press 'Agree & Sign'. You can read what the policy covers and how it works in What does Padder Deposit cover? #### 5. Pay your premium Pay by Interac e-Transfer (free) or by credit or debit card through our secure checkout. Your total is the premium plus 8% Ontario Retail Sales Tax, plus a 2.4% processing fee if you pay by card, all shown before you pay. If you choose e-Transfer, follow the instructions at checkout to send it with your reference code. We confirm receipt within 48 hours. Once your payment is confirmed, your policy is set up for your lease and your landlord doesn't collect a Last Month's Rent deposit from you. #### 6. You're covered Padder Deposit does not replace your rent. You still pay rent to your landlord every month as normal, including your final month. Once your payment is confirmed, your policy document is emailed to you and your landlord receives confirmation that Padder Deposit is in place. If anything about your lease changes before move-in (rent amount, dates, unit, or building), email support@padder.com so we can confirm whether your policy needs to be updated or re-issued. - [Residential Tenant](https://help.padder.com/residential-tenant#main-content) - [Start Here: About Padder & Your Options](https://help.padder.com/residential-tenant#start-here-about-padder-your-options) - [Padder Credit Builder](https://help.padder.com/residential-tenant#padder-credit-builder) - [Eligibility: Who Padder Is For](https://help.padder.com/residential-tenant#eligibility-who-padder-is-for) - [Coverage & Limits: What’s Protected](https://help.padder.com/residential-tenant#coverage-limits-whats-protected) - [Pricing, Payment & Refunds](https://help.padder.com/residential-tenant#pricing-payment-refunds) - [Applying to Padder: How the Process Works](https://help.padder.com/residential-tenant#applying-to-padder-how-the-process-works) - [Troubleshooting Your Application](https://help.padder.com/residential-tenant#troubleshooting-your-application) - [Your Responsibilities & the Indemnity Agreement](https://help.padder.com/residential-tenant#your-responsibilities-the-indemnity-agreement) - [Managing Your Policy: Changes, Transfers & Reapplying](https://help.padder.com/residential-tenant#managing-your-policy-changes-transfers-reapplying) - [Trust, Safety & Support](https://help.padder.com/residential-tenant#trust-safety-support) - [Frequently Asked Questions](https://help.padder.com/residential-tenant#frequently-asked-questions) - [Residential Operator](https://help.padder.com/residential-operator#main-content) - [Getting Started & Referrals](https://help.padder.com/residential-operator#getting-started-referrals) - [Coverage & Claims](https://help.padder.com/residential-operator#coverage-claims) - [Frequently Asked Questions](https://help.padder.com/residential-operator#frequently-asked-questions) - [Terms of use](https://padder.com/terms-of-use/) - [Privacy Policy](https://padder.com/privacy-policy/) - [Privacy Statement](https://resources.padder.com/privacy-statement) - [Disclosure Statement](https://resources.padder.com/disclosure-statement) - [Regulatory Disclosures](https://resources.padder.com/regulatory-disclosures) - [CISRO Conduct Sheet](https://www.cisro-ocra.com/Documents/View/2471) - [Broker Fact Sheet](https://www.ribo.com/wp-content/uploads/2025/01/RIBO_Conduct_Sheet_040622-fact_sheet-1.pdf) - [Contact us](https://resources.padder.com/support) [![Padder Logo](https://help.padder.com/hs-fs/hubfs/Padder%20Logo.png?width=180&height=52&name=Padder%20Logo.png "Padder Logo")](https://www.padder.com) Padder Underwriting Inc. is a licensed insurance broker headquartered in Toronto, Ontario. It arranges coverage for tenants and landlords in provinces where it is licensed to offer insurance products. Padder partners with licensed Canadian insurers to provide your coverage. Need help? Paddie, our AI chat, is here any time. Our team is on email and phone Monday to Friday, 9am to 5pm ET. © 2026 Padder Underwriting Inc. All rights reserved.