Accommodation companies urged to end demanding deposit from NSFAS funded college students
Accommodation companies urged to end 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 right after NSFAS acquired experiences about some accommodation vendors who demand NSFAS-funded students to pay for a deposit or top-up payment in an effort to get use of the authorised private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers in the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Settlement involving the personal accommodation suppliers and NSFAS funded students," NSFAS mentioned in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease will be paid out monthly into the accommodation provider (lessor) by NSFAS, on behalf with the lessee (NSFAS funded student), in accordance with the NSFAS terms and conditions for private accommodation providers’ participation on the student accommodation portal.
"The lessor may not involve or permit the lessee to pay a deposit, top-up payments, or any other varieties of payment on the lessor, or every other person in reference to this arrangement, which include payment of lease, even though awaiting payment from NSFAS. The lessor shall don't have any recourse towards the lessee for any default in the payment of rent by NSFAS," the agreement reads.
The NSFAS conditions and terms for private accommodation suppliers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a consequence of an incorrect selection by NSFAS, the coed won't be accountable for payment of any arrear rent towards the accommodation provider, up till the day of being defunded."
NSFAS stated that the place the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding being defunded here by NSFAS, the scholar is going to be liable for payment of hire towards the lessor within the day 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 read more will be liable for payment of all read more 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 read more emphasised that any dispute arising between the parties regarding the interpretation or implementation of the agreement, must be dealt with in accordance with nsfas login any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za