Accommodation vendors urged to end demanding deposit from NSFAS funded students
Accommodation vendors urged to end 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 right after NSFAS gained reports about some accommodation providers who demand NSFAS-funded students to pay a deposit or top-up payment to be able to get usage of the authorized private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation suppliers from the compulsory conditions, as furnished by the Standardised Fixed-Term Lease Agreement amongst the non-public accommodation vendors and NSFAS funded students," NSFAS stated in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease will probably be paid every month to 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 involve or allow the lessee to pay for a deposit, top-up payments, or some other sorts of payment on the lessor, or almost every other person in connection with this arrangement, including payment of hire, when awaiting payment from get more info NSFAS. The lessor shall don't have 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: "Where the NSFAS-funded student is defunded because of an incorrect decision by NSFAS, the coed will not be answerable for payment of any arrear rent on the accommodation supplier, up till the day of being defunded."
NSFAS defined that wherever the here NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding being defunded by NSFAS, the student will be responsible for payment of hire towards the lessor with the day of 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 more info 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 read more will be for the student own account," the scheme said.
The scheme emphasised that any dispute arising between the parties regarding the website 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