What Does the Padder Lease Coverage Guarantee Cover?
The Padder Lease Coverage guarantee provides landlords with up to 12 months of rent protection, covering:
- Unpaid Rent
- Legal Expenses
- Vacancy and Re-Leasing Costs
With Padder, you get a smarter, more flexible way to secure your commercial space—without the financial strain of traditional deposits.
Tenant Liability
Tenants enrolled in Padder Lease Coverage remain responsible for fulfilling lease obligations and are held accountable for any defaults.
Tenant Repayment Obligation
If a landlord submits a successful reimbursement request for arrears and Padder provides compensation:
- The tenant must repay all outstanding balances directly to Padder.
This ensures a fair balance between landlord security and tenant accountability, fostering a transparent leasing process.
📧 For questions or assistance, contact Padder Support.