Accommodation suppliers urged to halt demanding deposit from NSFAS funded college students
Accommodation suppliers urged to halt demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords never to demand a deposit or top-up payment from NSFAS-funded students.
This arrives after NSFAS gained experiences about some accommodation companies who need NSFAS-funded students to pay a deposit or top-up payment to be able to get entry to the accredited private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation providers from the obligatory conditions, as furnished by the Standardised Fixed-Term Lease Settlement concerning the personal accommodation providers and NSFAS funded students," NSFAS reported in an announcement on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease will be paid out regular monthly to your accommodation supplier (lessor) by NSFAS, on behalf of the lessee (NSFAS funded student), in accordance using the NSFAS terms and conditions for private accommodation companies’ participation on the student accommodation portal.
"The lessor may not demand or permit the lessee to pay a deposit, top-up payments, or every other kinds of payment on the lessor, or almost every other person in reference to this agreement, such as payment of rent, while awaiting payment from NSFAS. The lessor shall haven't any recourse in opposition to the lessee for any default within the payment of rent by NSFAS," the arrangement reads.
The NSFAS conditions and terms for private accommodation suppliers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is check here defunded on account of an incorrect decision by NSFAS, the student won't be answerable for payment of any arrear rent into the accommodation company, up till the day of being defunded."
NSFAS explained that in which the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding getting defunded by NSFAS, the student is going to be responsible for payment of rent to the lessor from the day of read more currently being defunded.
"Where the student is defunded by NSFAS due to a misrepresentation click here by the lessee/guardian at any stage, the student must immediately click here 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 check here 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