Accommodation vendors urged to end demanding deposit from NSFAS funded college students
Accommodation vendors urged to end demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords never to demand a deposit or top-up payment from NSFAS-funded students.
This arrives after NSFAS been given stories about some accommodation vendors who need NSFAS-funded students to pay for a deposit or top-up payment in order to get use of the authorised private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies of your compulsory conditions, as supplied by the Standardised Fixed-Term Lease Settlement in between the personal accommodation vendors and NSFAS funded students," NSFAS explained in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states that the rent is going to be paid out monthly for the accommodation supplier (lessor) by NSFAS, on behalf on the lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for personal accommodation suppliers’ participation on the student accommodation portal.
"The lessor may not involve or allow the lessee to pay for a deposit, top-up payments, or almost every other kinds of payment on the lessor, or almost every other person in connection with this arrangement, including payment of hire, when awaiting payment from NSFAS. The lessor shall don't have any recourse against 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 nsfas student allowances the NSFAS-funded student is defunded as a consequence of an incorrect selection by NSFAS, the student won't be accountable for payment of any arrear rent to the accommodation supplier, up until finally the date of being defunded."
NSFAS explained that the place the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding click here getting defunded by NSFAS, the scholar are going to here be accountable for payment of lease into the lessor from your date of staying defunded.
"Where the student is defunded by NSFAS due to click here 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 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 accordance more info with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za