Accommodation vendors urged to stop demanding deposit from NSFAS funded university students
Accommodation vendors urged to stop demanding deposit from NSFAS funded university 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 following NSFAS gained experiences about some accommodation providers who need NSFAS-funded students to pay for a deposit or top-up payment so that you can get use of the accredited private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers from the compulsory conditions, as furnished by the Standardised Fixed-Term Lease Settlement involving the personal accommodation vendors and NSFAS funded students," NSFAS said in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states the rent are going to be paid month to month on the 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 call for or allow the lessee to pay a deposit, top-up payments, or another sorts of payment to your lessor, or every other person in reference to this arrangement, together with payment of lease, while awaiting payment from NSFAS. The lessor shall haven't any recourse against the lessee for any default check here from the payment of rent by NSFAS," the agreement reads.
The NSFAS terms and read more conditions for private accommodation vendors’ participation on the student accommodation here portal also states that: "Where the NSFAS-funded student is defunded as a result of an incorrect determination by NSFAS, the student will not be responsible for payment of any arrear rent to the accommodation service provider, up until eventually the date of being defunded."
NSFAS stated that the place the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding becoming defunded by NSFAS, the student is going to be responsible for payment of rent for the lessor within the date of remaining defunded.
"Where the here 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 read more 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 NSFAS for this purpose.
From: SAnews.gov.za