Accommodation companies urged to stop demanding deposit from NSFAS funded college students
Accommodation companies urged to stop demanding deposit from NSFAS funded college 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 received reports about some accommodation providers who demand NSFAS-funded students to pay for a deposit or top-up payment as a way to get entry to the accepted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation suppliers in the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Settlement in between the private accommodation providers and NSFAS funded students," NSFAS said in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states that the lease might be paid month to month to the accommodation service provider (lessor) by NSFAS, on behalf on the lessee (NSFAS funded student), in accordance using the NSFAS terms and conditions for personal accommodation companies’ participation on the student accommodation portal.
"The lessor may not need or allow the lessee to pay a deposit, top-up payments, or another types of payment into the lessor, or every other person in reference to this arrangement, which includes payment of hire, whilst awaiting payment from NSFAS. The lessor shall haven't any recourse against the lessee for any default from the payment of rent by NSFAS," the arrangement reads.
The nsfas eligibility criteria NSFAS terms and conditions for private accommodation suppliers’ participation on the student accommodation portal also states nsfas university allowances that: "Where the NSFAS-funded student is defunded due to an incorrect selection by NSFAS, the scholar will not be answerable for payment of any arrear rent towards the accommodation supplier, up till the date of being defunded."
NSFAS described that wherever the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding getting defunded by NSFAS, the scholar are going to be answerable for payment of rent towards the lessor from your date read more of getting 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 here 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, must be dealt with in accordance with any dispute resolution procedure determined check here by NSFAS for this purpose.
From: SAnews.gov.za