Accommodation vendors urged to end demanding deposit from NSFAS funded university students



The National Student Financial Aid Scheme (NSFAS) has urged landlords not to require a deposit or top-up payment from NSFAS-funded students.

This comes immediately after NSFAS acquired stories about some accommodation providers who require NSFAS-funded students to pay a deposit or top-up payment to be able to get entry to the permitted private accommodation.

Friday, February 7, 2025
"NSFAS reminds accommodation providers of the compulsory conditions, as provided by the Standardised Fixed-Term Lease Agreement amongst the personal accommodation companies and NSFAS funded students," NSFAS stated in a statement on Thursday.

The Standardised Fixed-Term Lease Agreement states that the lease will probably be paid every month on the accommodation company (lessor) by NSFAS, on behalf from the lessee (NSFAS funded student), in accordance using the NSFAS terms and conditions for personal accommodation suppliers’ participation on the student accommodation portal.

"The lessor may not need or allow the lessee to pay for a deposit, top-up payments, or some other varieties of payment for the lessor, or almost every other person in reference to this arrangement, which includes payment of lease, when awaiting payment from NSFAS. The lessor shall haven't any recourse against the lessee for any default inside the payment of rent by NSFAS," the agreement reads.

The NSFAS terms and conditions for private accommodation providers’ more info participation on the student accommodation portal also states that: "Where the NSFAS-funded student is defunded as a result website of an incorrect choice by NSFAS, the student will not be chargeable for payment of any arrear rent towards the accommodation service provider, up until the day of being defunded."

NSFAS stated that where by the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding being get more info defunded by NSFAS, the student is going to be liable for payment of rent to your lessor from your day of becoming defunded.

"Where the student is defunded by NSFAS due to read more 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 emphasised that any dispute arising between the parties regarding the interpretation or implementation of the agreement, must be dealt with in more info accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za

Leave a Reply

Your email address will not be published. Required fields are marked *