What does Padder Guarantor cover?
Protection against loss of rental income due to tenant default.
Padder Guarantor provides up to 12 months of rent protection if a tenant defaults on their lease obligations — financial or non-financial — during the first 36 months of the lease (subject to policy terms).
Padder protects you against:- Missed Rent — unpaid rent during default
- Early Lease Breaks — rent loss if a tenant ends the lease early
- Vacancy Loss — rent loss while re-leasing the unit
- Failure to Move In — if the tenant never takes possession