ACCOMMODATION COMPANIES URGED TO END DEMANDING DEPOSIT FROM NSFAS FUNDED STUDENTS

Accommodation companies urged to end demanding deposit from NSFAS funded students

Accommodation companies urged to end demanding deposit from NSFAS funded students

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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 received reports about some accommodation companies who demand NSFAS-funded students to pay for a deposit or top-up payment in an effort to get use of the permitted private accommodation.

Friday, February 7, 2025
"NSFAS reminds accommodation providers from the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Agreement involving the non-public accommodation vendors and NSFAS funded students," NSFAS explained in a statement on Thursday.

The Standardised Fixed-Term Lease Agreement states the rent will probably be paid month-to-month into the accommodation service provider (lessor) by NSFAS, on behalf of your lessee (NSFAS funded student), in accordance using the NSFAS terms and conditions for private accommodation vendors’ participation on the student accommodation portal.

"The lessor may not involve or allow the lessee to pay a deposit, top-up payments, or any other sorts of payment towards the lessor, or almost every other person in connection with this arrangement, including payment of rent, 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 nsfas application delay arrangement reads.

The NSFAS conditions and terms for private accommodation suppliers’ participation on the student accommodation portal also here states that: "Where the NSFAS-funded student is defunded as a consequence of an incorrect determination by NSFAS, the coed will not be answerable for payment of any arrear rent into the accommodation company, up until finally the date of being defunded."

NSFAS described that wherever the NSFAS-funded more info student chooses to carry on occupying the leased premises, notwithstanding currently being defunded by NSFAS, the student is going to be chargeable for payment of rent on more info the lessor through 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 more info 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 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

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