Accommodation companies urged to stop demanding deposit from NSFAS funded university students
Accommodation companies urged to stop demanding deposit from NSFAS funded university students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords never to require a deposit or top-up payment from NSFAS-funded students.
This arrives immediately after NSFAS received experiences about some accommodation companies who require NSFAS-funded students to pay for a deposit or top-up payment in an effort to get use of the permitted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies of your obligatory conditions, as provided by the Standardised Fixed-Term Lease Settlement among the non-public accommodation companies and NSFAS funded students," NSFAS said in an announcement on Thursday.
The Standardised Fixed-Term Lease Agreement states that the lease will probably be paid out month to month to the accommodation supplier (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for personal accommodation providers’ 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 any other kinds of payment into the lessor, or every other person in connection with this agreement, which include payment of hire, though awaiting payment from NSFAS. The lessor shall haven't any recourse versus the lessee for any default from the payment of rent by NSFAS," the arrangement reads.
The NSFAS conditions and terms for private accommodation vendors’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded due to an read more incorrect decision by NSFAS, the scholar won't be chargeable for payment of any more info arrear rent into the accommodation company, up right until the click here day of being defunded."
NSFAS spelled out that the place the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding being defunded by NSFAS, the scholar is going to be website accountable for payment of hire to your lessor from your day of currently being 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 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, read more must be dealt with in accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za