What Products Does Padder Offer?
Most property managers are looking for tenants with steady incomes, six-figure salaries, and perfect credit scores. But the reality is, most Canadians don’t fit that financial profile. That’s where Padder’s suite of products can help. Here is what we offer:
Padder Lease Coverage (Commercial)
Padder Lease Coverage is designed to replace or supplement traditional cash deposits for commercial leases. It provides financial security for landlords while helping tenants preserve capital and maintain financial flexibility.
Instead of paying a large cash deposit or obtaining a letter of credit, tenants purchase Padder Lease Coverage, ensuring landlords receive up to 12 months’ rent protection. This includes protection for unpaid rent, legal fees, and costs associated with vacancy and re-leasing—offering peace of mind and a seamless leasing experience.
Padder Guarantor (Residential)
Padder Guarantor is a tailored lease guarantee that ensures tenants meet their lease obligations throughout their tenancy. By purchasing this guarantee, renters can qualify for a home they might not otherwise be eligible for. The guarantee provides financial protection to landlords, covering rent payments in case a tenant defaults—though the renter remains responsible for those payments to Padder.