What is Padder?
Padder is a Canadian company that specializes in financial technology and insurance products that help renters get approved for great homes while giving landlords reliable protection if an approved renter defaults on their lease obligations.
Who we are
Padder is a licensed insurance intermediary headquartered in Toronto, Ontario.
- We work with institutional landlords and professional property managers to offer insurance products alongside their standard leasing process.
- Padder manages the application, approval, and ongoing support for your insurance policy.
How we help renters and landlords
For renters
Padder makes it easier to qualify for a home when traditional screening is a barrier, for example if you are:
- New to Canada or an international resident
- A student or recent graduate
- Self-employed or have non-traditional income
- Building or rebuilding your credit history
With Padder, you may be able to:
- Get approved without a traditional guarantor or co-signer
- Reduce or replace large upfront cash requirements (like a last month's deposit)
- Pay a one-time insurance premium instead of tying up thousands of dollars at move-in
For landlords
Landlords and property managers use Padder to:
- Approve more qualified renters while managing risk
- Protect against unpaid base rent and certain lease default scenarios
- Reduce bad debt, minimize vacancy losses, and stabilize building performance
There is no cost to the landlord for offering Padder; premiums are paid by the tenant.
Where Padder is currently available
Padder is currently offered through participating residential landlords and property managers, in Ontario.
You can use Padder if:
- Your landlord or leasing agent has referred you to Padder; or
- Your building appears in the Padder application when you enter your property details.
If you’re not sure whether your building is eligible, your leasing team or Padder Support can help.