Roommates & Responsible Parties

Padder uses a one policy per lease model (not one policy per person).

• If you have roommates, everyone on the lease is covered under the same Padder policy (Guarantor and/or Deposit, where offered).

• The policy supports the full lease, not one person’s share.

• You and your roommates are still jointly responsible for rent under your lease. Padder doesn’t split coverage by bedroom or person.

How to apply with roommates

1. One person starts the application and enters the property/lease details

2. They add each roommate’s email

3. Each roommate receives an email invite to complete their portion (details, documents, consents)

4. Padder reviews the household once everyone has finished

5. If approved and activated, one policy sits behind the shared lease

Important: Anyone who signs the indemnity is responsible for repaying Padder if a valid claim is paid under the policy.

When we may ask for a responsible party (supporter)

In some cases, Padder may ask for a responsible party (a supporter). This can help strengthen an application.

We may request this when, for example:

• Everyone on the lease has limited/no Canadian credit history, or

• Income/savings are close to the minimum required, or

• Recent credit challenges mean added support is needed

A responsible party typically:

• Has stronger income and/or credit (often a parent/guardian/relative)

• Does not live in the unit and is not added to the lease as a tenant

• Can help unlock an approval that might otherwise be declined