Accommodation companies urged to halt demanding deposit from NSFAS funded students
Accommodation companies urged to halt demanding deposit from NSFAS funded 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 after NSFAS been given stories about some accommodation providers who need NSFAS-funded students to pay for a deposit or top-up payment in order to get entry to the authorised private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers on the obligatory conditions, as provided by the Standardised Fixed-Term Lease Agreement in between 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 lease will probably be paid out regular monthly for the accommodation provider (lessor) by NSFAS, on behalf of the lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for private accommodation suppliers’ participation on the student accommodation portal.
"The lessor may not require or permit the lessee to pay a deposit, top-up payments, or any other kinds of payment into the lessor, or every other person in reference to this arrangement, which includes payment of hire, whilst get more info awaiting payment from NSFAS. The lessor shall have no recourse in opposition to the lessee for read more any default in the payment of rent by NSFAS," the arrangement reads.
The NSFAS conditions and terms for private accommodation providers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded on account of an incorrect decision by NSFAS, the coed won't be liable for payment of any arrear rent to your accommodation company, up until finally the date of being defunded."
NSFAS stated that where the NSFAS-funded student chooses to here carry on occupying the leased premises, notwithstanding getting defunded by NSFAS, the student are going to be chargeable for payment of lease to your lessor with the day of staying defunded.
"Where the student is defunded by NSFAS due to a read more 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, and any such rental payments will be for the student own account," the scheme said.
The scheme emphasised nsfas tvet 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