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 require a deposit or top-up payment from NSFAS-funded students.
This comes immediately after NSFAS obtained stories about some accommodation suppliers who need NSFAS-funded students to pay a deposit or top-up payment so that you can get access to the authorized private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation suppliers with the obligatory conditions, as supplied by the Standardised Fixed-Term Lease Agreement among the private accommodation suppliers and NSFAS funded students," NSFAS mentioned in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states the rent will be paid out month to month for the accommodation service provider (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for private accommodation providers’ participation on the student accommodation portal.
"The lessor may not require or allow the lessee to pay a deposit, top-up payments, or every other sorts of payment towards the lessor, or almost every other person in connection with this arrangement, like payment of hire, whilst awaiting payment from NSFAS. The lessor shall don't have any recourse from the lessee for any default during the payment of rent by NSFAS," the arrangement reads.
The NSFAS terms and conditions for private accommodation companies’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a consequence of an incorrect decision by NSFAS, the student won't be chargeable for payment of get more info any arrear rent on the accommodation service provider, up until the day of being defunded."
NSFAS here stated that wherever the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding remaining defunded by NSFAS, the scholar are going to be liable for payment of rent towards the lessor within the date of getting defunded.
"Where the student is defunded by NSFAS due 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 click here 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 more info the parties regarding the interpretation or implementation of the agreement, must be dealt with in accordance with any dispute resolution procedure determined by NSFAS click here for this purpose.
From: SAnews.gov.za