Accommodation suppliers urged to stop demanding deposit from NSFAS funded students
Accommodation suppliers urged to stop demanding deposit from NSFAS funded students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords to not require a deposit or top-up payment from NSFAS-funded students.
This arrives soon after NSFAS acquired reports about some accommodation providers who need NSFAS-funded students to pay a deposit or top-up payment as a way to get usage of the authorised private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies of your compulsory conditions, as furnished by the Standardised Fixed-Term Lease Settlement between the personal accommodation providers and NSFAS funded students," NSFAS mentioned in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states that the lease will probably be paid regular on the accommodation service provider (lessor) by NSFAS, on behalf with the lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for personal accommodation companies’ participation on the student accommodation portal.
"The lessor may not demand or permit the lessee to pay a deposit, top-up payments, or any other kinds of payment for the lessor, or some other person in connection with this arrangement, which includes payment of hire, even though awaiting payment from more info NSFAS. The lessor shall haven't any recourse in opposition to the lessee for any default in the payment of rent by NSFAS," the arrangement reads.
The NSFAS terms and conditions for private accommodation vendors’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a result of an incorrect decision by NSFAS, the coed will not be liable for payment of any arrear rent towards the accommodation service provider, up right until the day of being defunded."
NSFAS stated click here that wherever the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding becoming defunded by NSFAS, the student are going to be chargeable for payment of hire to your lessor within the day of remaining defunded.
"Where the student is defunded by NSFAS due to a misrepresentation by click here 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 more info rental payments will be for the student own account," the scheme said.
The scheme emphasised that any dispute arising between the parties get more info 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