University Accreditation

What is University Accreditation

By HouseFurb, Nov 27, 2018

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For any student accommodation investment, getting a property university approved/accredited should be a top priority. Not only does this help the investor get first preference on getting students to fill up their accommodation, but also gives them rights to claim any damages caused to their property by students

The process of getting your accommodation University Accredited can be quite a lengthy and tricky one, but it always is worth it. Below is how to apply for accreditation:

• Request application form from the University (Privately-Owned Student Accommodation Office - POSA) for Subscribing Service Provider.
• A non-refundable application fee must be paid based on the category of the accommodation:
  • Commune
  • Residential 3 or 4 dwelling house
  • High-Rise building
• Each of the above have an invoicing system
• High-Rise buildings are invoiced on occupancy capacity of the building
• University will issue each applicant with a pro-forma invoice and when accepted, the University will issue applicant with a tax invoice for payment of the non-refundable application fee
• A levy is payable for late applications (University will announce opening and closing dates for applications)
• The documents are reviewed by a Panel consisting of the following:
  • Senior Director of Student Affairs
  • Director of Student Accommodation and Res Life
  • POSA Coordinator
  • 2 Staff Members from Student Affairs
  • An SRC Representative
• Inspection committee inspects the POSA in the presence of the owner or their authorized representative. After inspection, the committee reports on finding

HouseFurb has created a summary of the full accreditation policy for investors, they can download here. The original report is available to investors on request. Please email info@housefurb.co.za or fill in the contact form

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