What does indemnity mean under Padder Guarantor, and how does it affect me?

If Padder pays your landlord for missed rent or another covered loss, you’ll need to repay Padder for that amount. This is called indemnity—it means Padder steps in to protect your landlord, then works directly with you to recover the cost.

This only applies if you default on your lease. As long as you pay your rent and follow your lease terms, indemnity never applies.