Accommodation suppliers urged to stop demanding deposit from NSFAS funded college students
Accommodation suppliers urged to stop demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords not to require a deposit or top-up payment from NSFAS-funded students.
This arrives just after NSFAS gained experiences about some accommodation suppliers who demand NSFAS-funded students to pay for a deposit or top-up payment so that you can get access to the accredited private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers in the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Settlement between the private accommodation companies and NSFAS funded students," NSFAS reported in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease might be paid out monthly to the accommodation provider (lessor) by NSFAS, on behalf of the lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for private accommodation suppliers’ participation on the student accommodation portal.
"The lessor may not have to have or allow the lessee to pay for a deposit, top-up payments, or another types of payment to your lessor, or almost every other person in connection with this arrangement, which includes payment of rent, when awaiting payment from NSFAS. The lessor shall more info don't have any recourse towards the lessee for any default in the payment of rent by NSFAS," the arrangement reads.
The NSFAS terms and conditions for private accommodation providers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a consequence of an incorrect determination by NSFAS, the coed won't be accountable for payment of any arrear more info rent on the accommodation supplier, up until eventually the date of being defunded."
NSFAS stated that the place the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding getting defunded click here by NSFAS, the student is going to be answerable for payment of rent into the lessor from your day of remaining defunded.
"Where the student is defunded by NSFAS due to a misrepresentation by the lessee/guardian at here 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 more info between the parties 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