Accommodation vendors urged to stop demanding deposit from NSFAS funded college students
Accommodation vendors urged to stop demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords to not demand a deposit or top-up payment from NSFAS-funded students.
This comes immediately after NSFAS obtained reports about some accommodation companies who demand NSFAS-funded students to pay for a deposit or top-up payment so that you can get access to the accepted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies with the obligatory conditions, as furnished by the Standardised Fixed-Term Lease Agreement between the private accommodation vendors and NSFAS funded students," NSFAS reported in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease is going to be paid out monthly to your accommodation company (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance using the NSFAS conditions and terms for personal 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 some other varieties of payment towards the lessor, or another person in reference to this agreement, which includes payment of hire, even though awaiting payment from NSFAS. The lessor shall don't have any recourse against the lessee for any default in the payment of rent click here by NSFAS," the arrangement reads.
The NSFAS conditions and terms for private accommodation companies’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded due to an click here incorrect choice by NSFAS, the scholar will not be answerable for payment of any arrear rent towards the accommodation service provider, up right up until the day of being defunded."
NSFAS defined that exactly where the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding currently being defunded by NSFAS, the read more scholar are going to be accountable for payment of lease to the lessor from the day of remaining 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 more info 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 with any dispute resolution procedure determined by click here NSFAS for this purpose.
From: SAnews.gov.za