Accommodation companies urged to end demanding deposit from NSFAS funded students
Accommodation companies urged to end demanding deposit from NSFAS funded students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords never to demand a deposit or top-up payment from NSFAS-funded students.
This arrives soon after NSFAS acquired experiences about some accommodation vendors who require NSFAS-funded students to pay for a deposit or top-up payment in order to get entry to the approved private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation suppliers of your obligatory conditions, as provided by the Standardised Fixed-Term Lease Agreement among the private accommodation companies and NSFAS funded students," NSFAS reported in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the rent will be paid out monthly to the accommodation company (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for personal accommodation suppliers’ participation on the student accommodation portal.
"The lessor may not call for or permit the lessee to pay for a deposit, top-up payments, or any other forms of payment on the lessor, or some other person in connection with this arrangement, which include payment of hire, when awaiting payment from NSFAS. The lessor shall haven't any recourse from the lessee for any default while in the payment of rent by NSFAS," the agreement reads.
The NSFAS conditions and terms for private accommodation providers’ participation more info on the student accommodation portal also website states that: "Where the NSFAS-funded student is defunded because of an incorrect decision by NSFAS, the coed won't be chargeable for payment of any arrear rent to your accommodation supplier, up until finally the day of being defunded."
NSFAS discussed that in which the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding getting defunded by NSFAS, the check here scholar will be responsible check here for payment of hire to the lessor from your date of staying defunded.
"Where the student is defunded by NSFAS due to a misrepresentation by the lessee/guardian at any stage, the student must immediately vacate the leased property; and will be liable for payment of all rent due to the accommodation provider.
"Where the student moves, accommodation providers without the prior approval of NSFAS, NSFAS may elect not to pay any rental to the new accommodation provider, get more info and any such rental payments will be for the student own account," the scheme said.
The scheme emphasised that any dispute arising between the parties regarding the interpretation or implementation of the agreement, must be dealt with in accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za