What happens if I default on my lease obligations?

1. Your landlord may follow their lease enforcement process.
   They may send you a legal notice about the missed payment and try to work out a payment plan with you.
2. Your landlord may notify Padder of the default.
   They’re required to let Padder know within 45 days of the missed payment. Padder may then reach out to you directly to discuss the situation.
3. Padder may try to help you resolve the missed payment.
   Padder may contact you to see if a payment arrangement can be made to bring your rent up to date.
4. If the issue isn’t resolved, your landlord may continue with eviction or other legal steps.
   This could include applying to regain possession of the unit.
5. If Padder pays your landlord for unpaid rent, you will still need to repay Padder.
   Padder may cover your landlord for missed rent, but you remain responsible for that amount and must repay Padder. We may work with you to arrange repayment after the lease ends.

Important: Padder is not a rent subsidy. It’s a contractual liability insurance policy for your landlord — but you are still fully responsible for paying rent and following your lease.

If you’re anticipating trouble paying rent, contact your landlord or property manager as soon as possible — they may be able to help before it becomes a default.