What does Padder Guarantor cover?
Padder Guarantor protects your landlord if you default on your lease — but it doesn’t replace your responsibility to pay rent.
What’s covered:
- Missed rent: If you fall behind on payments
- Early lease break: If you move out before your lease ends
- Vacancy loss: Rent lost while your landlord finds a new tenant
- Failure to move in: If you don’t take possession after signing
What’s not covered:
- Damage to the unit
- Cleaning costs
- Legal fees
- Other non-rent costs
Important: Padder is not a rent subsidy or assistance program. It’s a contractual liability insurance policy that helps you qualify — but you’re still fully responsible for your lease.
Tip: Coverage lasts for up to 12 months of rent protection during the first 36 months of your lease (subject to your policy terms).