Accommodation companies urged to stop demanding deposit from NSFAS funded college students
Accommodation companies urged to stop demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords not to demand a deposit or top-up payment from NSFAS-funded students.
This arrives after NSFAS received 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 approved private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies of your obligatory conditions, as provided by the Standardised Fixed-Term Lease Agreement amongst the personal accommodation suppliers and NSFAS funded students," NSFAS reported in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease will be paid out month-to-month for the accommodation supplier (lessor) by NSFAS, on behalf in the lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for personal accommodation companies’ 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 almost every other sorts of payment for the lessor, or every other person in reference to this agreement, such as payment of hire, even though awaiting payment from NSFAS. The lessor shall have no recourse versus the lessee for any default while in the payment of rent by NSFAS," the arrangement reads.
The NSFAS terms and conditions for private accommodation suppliers’ participation on the read more student accommodation portal also states that: "Where the NSFAS-funded student is defunded due to here an incorrect decision by NSFAS, the student will not be answerable for payment of any arrear rent for the accommodation service provider, up right up until the day of being defunded."
NSFAS defined that where by the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding currently being defunded by NSFAS, the scholar are going to be liable for payment of rent towards the lessor from your date of being defunded.
"Where the student is defunded by NSFAS due click here 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 get more info 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 that any dispute arising between the parties regarding the interpretation or implementation of the agreement, must be dealt with in here accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za