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 to not demand a deposit or top-up payment from NSFAS-funded students.
This comes soon after NSFAS obtained reports about some accommodation suppliers who require NSFAS-funded students to pay for a deposit or top-up payment so as to get usage of the accepted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation vendors of your compulsory conditions, as supplied by the Standardised Fixed-Term Lease Agreement concerning the private accommodation suppliers and NSFAS funded students," NSFAS stated in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states that the lease will be paid every month for the accommodation company (lessor) by NSFAS, on behalf of your 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 have to have or allow the lessee to pay for a deposit, top-up payments, or any other forms of payment to the lessor, or another person in get more info reference to this agreement, like payment of hire, when awaiting payment from NSFAS. The lessor shall haven't any recourse from the lessee for any default in the payment of rent by NSFAS," the agreement reads.
The NSFAS terms more info and conditions for private accommodation providers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded because of an incorrect determination by NSFAS, the coed won't be chargeable for payment of any arrear rent into the accommodation supplier, up until finally the day of being defunded."
NSFAS described that exactly where the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding staying defunded by NSFAS, the scholar are going to be read more accountable for payment of hire for the lessor from your date of staying 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 website of all rent due to the accommodation provider.
"Where the get more info 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 by NSFAS for this purpose.
From: SAnews.gov.za