What Happens if My Padder Lease Coverage is Not Renewed on Time?
Padder Lease Coverage guarantees renew annually. Maintaining an active guarantee ensures continuous protection for the full term of a commercial lease.
Renewal Process
- Reminder Notices – Padder will send a renewal reminder notification before the guarantee expires.
- Automatic Payment – Renewal payments will be automatically charged to the payment method on file (if applicable).
Consequences of Failing to Renew
- The landlord may request an alternative deposit or take actions permitted under the lease agreement.
- The tenant may become ineligible for further protection from Padder.
Need Help with Renewal?
For assistance, contact Padder Support.