Accommodation companies urged to end demanding deposit from NSFAS funded college students
Accommodation companies urged to end 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 comes just after NSFAS gained experiences about some accommodation providers who require NSFAS-funded students to pay for a deposit or top-up payment to be able to get access to the approved private accommodation.
Friday, February 7, 2025
"NSFAS reminds accommodation companies of the obligatory conditions, as furnished by the Standardised Fixed-Term Lease Agreement concerning the personal accommodation providers and NSFAS funded students," NSFAS reported in a statement on Thursday.
The Standardised Fixed-Term Lease Agreement states the lease is going to be paid out regular monthly for the accommodation company (lessor) by NSFAS, on behalf from 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 need or permit the lessee to pay for a deposit, top-up payments, or every other varieties of payment to your lessor, or some other person in connection with this arrangement, nsfas allowances such as payment of hire, though awaiting payment from NSFAS. The lessor shall don't have any recourse in opposition to the lessee for any default from the payment of rent by NSFAS," the arrangement reads.
The NSFAS terms and conditions for private accommodation suppliers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded because of an incorrect decision by NSFAS, the scholar won't be liable for payment of any arrear rent into the accommodation company, up until eventually the day of being defunded."
NSFAS defined that the place the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding remaining defunded by NSFAS, the student are going to be answerable for get more info payment of lease to the lessor within the day of being defunded.
"Where the student is defunded by NSFAS due to a here 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 nsfas student document submission deadline may elect not to pay any rental to the new accommodation provider, and any such rental payments will be for read more 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