Accommodation companies urged to end demanding deposit from NSFAS funded university students
Accommodation companies urged to end demanding deposit from NSFAS funded university students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords to not demand a deposit or top-up payment from NSFAS-funded students.
This arrives right after NSFAS acquired experiences about some accommodation companies who need NSFAS-funded students to pay for a deposit or top-up payment in order to get use of the authorized private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies with the obligatory conditions, as supplied by the Standardised Fixed-Term Lease Agreement among the non-public accommodation providers and NSFAS funded students," NSFAS explained in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states which the rent will likely be paid month-to-month into the accommodation company (lessor) by NSFAS, on behalf from the lessee (NSFAS funded student), in accordance using the NSFAS terms and conditions for personal accommodation companies’ participation on the student accommodation portal.
"The lessor may not involve or permit the lessee to pay for a deposit, top-up payments, or some other forms of payment to your lessor, or some other person in reference to this agreement, which include payment of hire, even though awaiting payment from NSFAS. The lessor shall have no recourse in opposition to the lessee for any default within the payment of rent by NSFAS," the arrangement reads.
The NSFAS conditions and terms for private accommodation companies’ participation on the student accommodation portal also states that: "Where the NSFAS-funded check here student is more info defunded as a consequence of an incorrect determination by NSFAS, the scholar will not be chargeable for payment of any arrear rent on the accommodation provider, up until the date of being defunded."
NSFAS discussed that where the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding currently being defunded by NSFAS, the scholar will be accountable for payment of lease to your lessor through the day of becoming defunded.
"Where the student is defunded by NSFAS due to a misrepresentation by the lessee/guardian at here 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 click here prior approval of NSFAS, NSFAS may elect not to pay any rental to the nsfas student document submission deadline new accommodation provider, 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