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 to not require a deposit or top-up payment from NSFAS-funded students.
This arrives immediately after NSFAS gained 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 accredited private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation vendors with the obligatory conditions, as furnished by the Standardised Fixed-Term Lease Agreement among the private accommodation companies and NSFAS funded students," NSFAS explained in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease will be paid out regular monthly to your accommodation service provider (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance with the NSFAS terms and conditions for personal accommodation vendors’ participation on the student accommodation portal.
"The lessor may not involve or allow the lessee to pay a deposit, top-up payments, or every other types of payment towards the lessor, or every other person in reference to this arrangement, which include payment of lease, whilst awaiting payment from NSFAS. The lessor shall haven't any recourse against the lessee for any default in the payment of rent by NSFAS," the arrangement read more 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 due to an incorrect selection by NSFAS, the student won't be responsible for payment of any here arrear rent to the accommodation company, up right up until the date of being defunded."
NSFAS discussed that website in which the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding getting defunded by NSFAS, the student will be responsible for payment of hire for the lessor from your 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 payment of check here 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 nsfas university allowances 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