Accommodation companies urged to halt demanding deposit from NSFAS funded college students
Accommodation companies urged to halt demanding deposit from NSFAS funded college students
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The National Student Financial Aid Scheme (NSFAS) has urged landlords to not demand a deposit or top-up payment from NSFAS-funded students.
This arrives right after NSFAS been given experiences about some accommodation vendors who need NSFAS-funded students to pay for a deposit or top-up payment so that you can get access to the permitted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies with the compulsory conditions, as furnished by the Standardised Fixed-Term Lease Arrangement in between the private accommodation companies and NSFAS funded students," NSFAS mentioned in an announcement on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease are going to be paid out month-to-month for the accommodation supplier (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 call for or permit the lessee to pay a deposit, top-up payments, or almost every other sorts of payment to your lessor, or every other person in reference to this agreement, such as payment of lease, when awaiting payment from NSFAS. The lessor shall have no recourse in opposition to the lessee for any default while in the payment of rent by NSFAS," the agreement reads.
The NSFAS conditions and terms for private accommodation website suppliers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded resulting from an incorrect choice by NSFAS, the scholar won't be chargeable for payment of any arrear rent to your accommodation provider, up right until the date of being defunded."
NSFAS spelled out that exactly where the NSFAS-funded student chooses to carry on occupying the leased premises, nsfas document submission deadline notwithstanding remaining defunded by NSFAS, the student is going to be chargeable for payment of hire towards the lessor through the day of remaining 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 check here the parties regarding the interpretation get more info or implementation of the agreement, must be dealt with in accordance with any dispute resolution procedure determined by check here NSFAS for this purpose.
From: SAnews.gov.za