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 not to require a deposit or top-up payment from NSFAS-funded students.
This comes soon after NSFAS obtained stories about some accommodation vendors who require NSFAS-funded students to pay a deposit or top-up payment to be able to get entry to the approved private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies with the obligatory conditions, as provided by the Standardised Fixed-Term Lease Agreement involving the non-public accommodation providers and NSFAS funded students," NSFAS mentioned in an announcement on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease might be paid out monthly towards the accommodation provider (lessor) by NSFAS, on behalf from 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 need or allow the lessee to pay for a deposit, top-up payments, or some other kinds of payment for the lessor, or any other person in reference to this arrangement, like payment of rent, though awaiting payment from NSFAS. The lessor shall haven't any recourse in opposition to the lessee for any default inside the payment of rent by NSFAS," the agreement reads.
The NSFAS conditions and terms for private accommodation companies’ participation on the student accommodation portal also states that: click here "Where the NSFAS-funded student is defunded on account of an incorrect determination by NSFAS, the coed won't be responsible for payment of any arrear rent for the accommodation service provider, up right until the date of being defunded."
NSFAS spelled out that the place the NSFAS-funded student here chooses to continue occupying the leased premises, notwithstanding staying defunded by NSFAS, the student are going to be liable for payment of rent on the lessor from your day of becoming 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 website due to the accommodation provider.
"Where the student moves, accommodation providers without read more the prior approval of NSFAS, NSFAS may elect not to pay any rental to nsfas status check 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 NSFAS for this purpose.
From: SAnews.gov.za