Accommodation vendors urged to stop demanding deposit from NSFAS funded students
Accommodation vendors 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 comes soon after NSFAS gained stories about some accommodation providers who demand NSFAS-funded students to pay for a deposit or top-up payment in an effort to get entry to the accepted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers of the compulsory conditions, as furnished by the Standardised Fixed-Term Lease Arrangement between the personal accommodation providers and NSFAS funded students," NSFAS mentioned in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease will probably be paid out month-to-month on the accommodation provider (lessor) by NSFAS, on behalf in the lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for personal accommodation providers’ participation on the student accommodation portal.
"The lessor may not demand or allow the lessee to pay for a deposit, top-up payments, or another forms of payment towards the lessor, or almost every other person in connection with this agreement, which include payment of hire, read more although awaiting payment from NSFAS. The lessor shall haven't any recourse towards the lessee for any default during 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 due to an incorrect determination by NSFAS, the coed won't be responsible for payment of any arrear rent to the accommodation company, up until eventually the date of being defunded."
NSFAS spelled out that in which the NSFAS-funded student chooses to continue occupying website the leased premises, notwithstanding getting defunded by NSFAS, the scholar will be answerable for payment of rent to your lessor in the day of becoming defunded.
"Where the student is defunded by NSFAS due to a misrepresentation by the lessee/guardian at any stage, the student must immediately more info 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 click here 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 check here resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za