How much does Padder Guarantor cost?
Padder Guarantor is priced per lease, not per person. For most leases, the one-time premium typically falls between:
30% – 130% of one month’s base rent
Examples (just to give you a feel):
- $2,000/month rent → Padder Guarantor might range from $600 to $2,600 (one-time)
- $2,500/month rent → Padder Guarantor might range from $750 to $3,250 (one-time)
The exact amount depends on your situation and the property. You’ll always see your specific quote before you decide to move forward.
Why it’s a one-time, non-refundable premium
Padder Guarantor is an insurance product, not a deposit or fee the landlord controls.
That means:
- You pay one premium up front to secure coverage for the full policy term (up to 36 months).
- Once the policy is issued and your lease is in place, the premium is earned.
Behind the scenes, that one-time premium is what allows Padder to:
- Take on the risk of unpaid rent and certain lease defaults for your landlord.
You should only proceed once:
- You’ve reviewed your quote,
- You understand the terms, and
- You’re confident you’ll be moving forward with the lease.