Accommodation vendors urged to end demanding deposit from NSFAS funded college students
Accommodation vendors urged to end demanding deposit from NSFAS funded college students
Blog Article
The National Student Financial Aid Scheme (NSFAS) has urged landlords not to require a deposit or top-up payment from NSFAS-funded students.
This arrives following NSFAS been given reports about some accommodation providers who require NSFAS-funded students to pay a deposit or top-up payment as a way to get access to the accepted private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation vendors of the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Arrangement in between the private accommodation providers and NSFAS funded students," NSFAS reported in a press release on Thursday.
The Standardised Fixed-Term Lease Agreement states which the lease might be paid every month to the accommodation supplier (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for personal accommodation providers’ participation on the student accommodation portal.
"The lessor may not need or allow the lessee to pay a deposit, top-up payments, or almost every other types of payment into the lessor, or almost every other person in reference to here this arrangement, including payment of click here hire, while awaiting payment from NSFAS. The lessor shall haven't any recourse versus the lessee for any default in the payment of rent by NSFAS," the agreement reads.
The NSFAS conditions and terms for private accommodation companies’ participation on the student accommodation portal also states that: "Where the NSFAS-funded nsfas student allowances student is defunded as a result of an incorrect determination by NSFAS, the coed will not be accountable for payment of any arrear rent check here to the accommodation service provider, up until eventually the day of being defunded."
NSFAS discussed that the place the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding becoming defunded by NSFAS, the scholar are going to be chargeable for payment of rent towards the lessor from the day of becoming 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 click here 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