ACCOMMODATION VENDORS URGED TO STOP DEMANDING DEPOSIT FROM NSFAS FUNDED COLLEGE STUDENTS

Accommodation vendors urged to stop demanding deposit from NSFAS funded college students

Accommodation vendors urged to stop demanding deposit from NSFAS funded college students

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The National Student Financial Aid Scheme (NSFAS) has urged landlords never to require a deposit or top-up payment from NSFAS-funded students.

This arrives immediately after NSFAS gained experiences about some accommodation vendors who require NSFAS-funded students to pay a deposit or top-up payment so that you can get entry to the authorized private accommodation.

Friday, February 7, 2025
"NSFAS reminds accommodation suppliers from the obligatory conditions, as provided by the Standardised Fixed-Term Lease Settlement amongst the private accommodation vendors and NSFAS funded students," NSFAS explained in a statement on Thursday.

The Standardised Fixed-Term Lease Agreement states the lease will probably be paid out regular on 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 demand or permit the lessee to pay a deposit, top-up payments, or some other varieties of payment towards the lessor, or any other person in connection with this arrangement, like payment of hire, while awaiting payment from NSFAS. The lessor shall don't have any recourse versus the lessee for any default within the payment of rent by NSFAS," the arrangement 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 resulting from an incorrect decision by NSFAS, the student won't be accountable for payment of any arrear rent into the accommodation company, up right up until the day of being defunded."

NSFAS discussed that wherever the NSFAS-funded student chooses to continue occupying the leased premises, notwithstanding check here remaining defunded by NSFAS, the student are going to be accountable for payment of hire to your lessor from your day of remaining 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 nsfas document submission deadline 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 more info the agreement, must be websitensfas university allowances dealt with in accordance with any dispute resolution procedure determined by NSFAS for this purpose.
From: SAnews.gov.za

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