Common use of Bursaries Clause in Contracts

Bursaries. 48.1. The Tenant acknowledges that the Lease Agreement is entered into between the Property Practitioner, Landlord, and the Tenant. 48.2. Should a Tenant be a recipient of a bursary, the Tenant must ensure that the Rental is paid and clears the Landlord’s nominated bank account by the 1st (First) day of every Month, regardless of if the Tenant has a bursary or not. 48.3. The Tenant must pay the Monthly Rental until the bursary pays. When a bursary has paid, the Tenant may apply in writing for a refund of the amounts paid by the Tenant to the Tenant’s nominated bank account, limited to the available credit on the Tenant’s account. The Tenant will be required to produce Proof of Payments for all amounts paid before any refund will be processed. 48.4. All bursary Tenants must complete Annexure B. 48.5. The Tenant is responsible to ensure the bursary receives all required documents for the bursary to process the required payment, the Property Practitioner will not enter into any correspondence with the bursary on behalf of the Tenant. 48.6. The terms of the Lease Agreement will still apply, even if a bursary withdraws funding from a Tenant. The Tenant remains responsible to comply with the terms of the Lease Agreement and pay the monthly Rental if a bursary withdraws funding from a Tenant.