ACCOMMODATION VENDORS URGED TO HALT DEMANDING DEPOSIT FROM NSFAS FUNDED STUDENTS

Accommodation vendors urged to halt demanding deposit from NSFAS funded students

Accommodation vendors urged to halt 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 comes soon after NSFAS been given experiences about some accommodation companies who need NSFAS-funded students to pay for a deposit or top-up payment to be able to get access to the accredited private accommodation.

Friday, February 7, 2025
"NSFAS reminds accommodation companies on the compulsory conditions, as supplied by the Standardised Fixed-Term Lease Arrangement among the private accommodation providers and NSFAS funded students," NSFAS said in a statement on Thursday.

The Standardised Fixed-Term Lease Agreement states which the rent might be paid regular monthly towards the accommodation provider (lessor) by NSFAS, on behalf with the lessee (NSFAS funded student), in accordance with the NSFAS conditions and terms for private accommodation companies’ participation on the student accommodation portal.

"The lessor may not require or allow the lessee to pay a deposit, top-up payments, or another kinds of payment into the lessor, or another person in reference to this agreement, together with payment of lease, though awaiting payment from NSFAS. The lessor shall don't have any recourse versus the lessee for any default inside the payment of rent by NSFAS," the agreement reads.

The NSFAS conditions and terms for private accommodation providers’ participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a consequence of an incorrect decision by NSFAS, the coed won't be nsfas student document submission deadline answerable for payment of any arrear rent towards the accommodation company, up right until the date of being defunded."

NSFAS discussed that where by the NSFAS-funded student chooses to carry on occupying the leased premises, notwithstanding being defunded by NSFAS, the scholar are going to be chargeable for payment click here of hire for the lessor from the day 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 of all rent due to the accommodation provider.

"Where the student moves, accommodation providers here 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 click here account," the scheme said.

The scheme emphasised that any dispute arising between the parties regarding the interpretation or implementation of the agreement, must more info be dealt with in accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za

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