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IOL News
a day ago
- Business
- IOL News
School fees, legal duties, and debt - a guide for parents and principals
Girls school shoes South African schools - both fee-paying public and independent - are grappling with a sobering challenge- unpaid tuition fees Image: Adrian de Kock South African schools - both fee-paying public and independent - are grappling with a sobering challenge- unpaid tuition fees. For many institutions, outstanding debt threatens not only their financial sustainability but also their ability to deliver quality education. At the same time, many parents face real financial hardship Ashleigh Laurent, Legal Counsel at TPN from MRI Software, said the current situation calls not only for empathy but also for legal clarity, transparent communication, and proactive engagement between schools and parents. "From my vantage point as a legal advisor working with educational institutions, the complexities of this situation emerge starkly. "The legal framework governing these interactions provides mechanisms for the prevention and enforcement of fee-related issues, yet the effectiveness of these measures hinges on how both schools and parents choose to fulfil their respective responsibilities," she explained. For many institutions, outstanding debt threatens not only their financial sustainability but also their ability to deliver quality education Image: File Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Schools: Establishing clarity and compliance For schools, the commencement of addressing unpaid fees lies in the development of clear, enforceable fee agreements. Laurent said the absence of clarity in documents often leads to disputes that could have been resolved preemptively. "A well-drafted agreement must stipulate essential elements such as tuition amounts, due dates, payment methods, and repercussions for defaulting on payments. This not only safeguards both parties but also sets clear expectations from the outset," she added. Moreover, schools have a legal duty, as outlined by the South African Schools Act and Exemption Regulations, to notify parents in writing and promptly about annual school fees and the procedures for applying for fee exemptions. Laurent said this responsibility primarily rests with the governing body and principal of the school, who are tasked with guiding parents through the exemption and appeals process whenever necessary. In instances of fee defaults, early intervention plays a vital role. Schools should reach out to parents who fall behind on payments to engage in meaningful discussions about possible solutions. If exemptions do not apply and no payment agreement can be reached, schools are legally permitted to take further action, including issuing letters of demand, listing parents with credit bureaus, or even pursuing legal judgment through the courts. However, these actions must conform to legislative guidelines, including the National Credit Act, and should follow fair and lawful procedures. Parents: Understanding rights and responsibilities On the flip side, parents also have a crucial role in navigating the tuition fee landscape. It is imperative that they actively seek to understand their financial commitments when enrolling their children in fee-paying schools. Prompt inquiries and careful reading of fine print can prevent many misunderstandings. In the face of financial difficulties, parents need to act swiftly and communicate openly before fees escalate. "Particularly for parents of children in fee-paying public schools, it is important to note that exemptions are not automatically granted. "The law is clear; individuals must apply annually for fee exemptions, and schools have no obligation to consider financial hardship without a formal application. Consequently, failure to act can leave parents liable for fees that could have potentially been mitigated," Laurent said. Should financial strain prove insurmountable, parents may need to contemplate transitioning to more affordable educational options. While this decision can be emotionally taxing, it might present a practical way to ensure that children's education continues without accumulating unsustainable debt. As with all agreements, adherence to the required notice period is essential to avoid incurring additional penalties.
Yahoo
3 days ago
- Business
- Yahoo
5 apartment tech innovations from Apartmentalize
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. A number of major multifamily software and tech companies introduced new programs and platforms at the National Apartment Association's Apartmentalize conference in Las Vegas last week, including advances in artificial intelligence integration for property management platforms. Here are a few of the highlights from this year's exhibitors: Multifamily management software provider Entrata launched a major update to its Entrata Layered Intelligence+ Suite, adding a new set of AI-Powered Maintenance Solutions intended to streamline and simplify the maintenance process, improve technician efficiency and provide service more quickly. The platform's new features include: Maintenance AI, a resident-facing assistant made to triage maintenance requests. The tool uses AI to categorize issues, identify emergencies and offer troubleshooting suggestions for residents with minor issues. The system automatically creates and opens and closes tickets throughout this process. A redesigned backend system for Entrata's product suite, made to provide greater support for property teams, according to the manufacturer. The system auto-routes work orders based on technician capacity, and incorporates communication, photos and visual documentation into work orders. MRI Software has partnered with rent rewards program Piñata Rent Inc., to embed Piñata directly into the MRI RentPayment property management system. Residents at properties that use MRI's system can earn points redeemable for cards, home items and marketplace deals in exchange for on-time rent payments, and report their rent payments to credit bureaus from within the system. They can also sign up for a debit card to get cash back or points for money spent. Piñata features require no extra effort from property administrators, and managers can offer backdated credit reporting and identity theft protection services as part of amenity packages. Multifamily software and analytics provider RealPage has partnered with OpenAI, creators of ChatGPT, to launch the Lumina AI Workforce, an agentic artificial intelligence program designed to make decisions and act autonomously with little human oversight. The Lumina AI Workforce, iterating on RealPage's Lumina AI, is a network of coordinated agents that collaborate across leasing, operations, facilities, finance and resident engagement. The network partners with a property's human team to automate routine tasks and provide real-time insights on their operations. The network is embedded in existing RealPage property management systems, governed by a framework designed to create transparency, accountability and responsible use at every level, according to the release. The Nomadix Energy Management Solution is a network of devices and platforms that allow users to monitor and manage a given property's energy usage and performance. The system uses a digitally secure, cloud-native architecture that leverages existing systems and does not require any servers or extra hardware to operate. The system includes a thermostat and HVAC controller and a cloud platform for device monitoring. Users can receive updates and notifications from the system, as well as analytics and data reporting, and set dynamic controls that respond to changing conditions. The Amazon Key Access Control System — available through Amazon Key, the home access division of retail giant Amazon — is a lineup of four property access devices for multifamily buildings and gated communities, designed for use by residents, staff and delivery personnel. The system integrates with the Ring app, and allows users to manage access to a property, buzz themselves or visitors in, and verify visitors via video. Products in the Amazon Key Access Control System line included the Virtual Key, a sensor that allows residents to enter or grant access through the Ring app; Intercom Boost, a tag that can be added to a call box that allows visitors to view a resident directory and initiate calls via smartphone; Intercom Lite, a separate box with Intercom Boost's functions; and Intercom Plus; a touchscreen edition.
Associated Press
13-06-2025
- Business
- Associated Press
Pinata Announces Exclusive Partnership with MRI Software to Power Rewards and Credit Reporting for Renters
New York, New York--(Newsfile Corp. - June 12, 2025) - Piñata Rent, Inc., a leading rent rewards and credit-building platform, has announced a partnership with MRI Software, a global leader in real estate solutions and services. The partnership will deliver a first-of-its-kind resident rewards program, embedding Piñata's perks directly into MRI RentPayment. The enhanced features will give property managers a turnkey solution to boost on-time payments, engagement, and retention, while giving renters real financial benefits for simply paying rent. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: 'Partnering with MRI Software, a trailblazer in PropTech, allows us to transform rent into a powerful financial tool,' said Lily Liu, CEO of Piñata. 'We're rewarding renters for timely payments and helping them build stronger financial futures, all while simplifying operations for property managers.' 'The integration between MRI RentPayment and Piñata offers more than credit reporting - it's a comprehensive rewards program that benefits renters no matter how they choose to pay rent,' said Carla Hinson, VP of North America Solutions and Innovation at MRI Software. 'The partnership equips property managers with innovative ways to elevate the resident experience and foster long-term loyalty.' Renters are more likely to pay rent on time when payments are reported to credit bureaus, studies show. Additionally, two-thirds of renters say they prefer to live in communities that offer rent reporting services. The strategic partnership embeds Piñata's rewards system, credit-building engine, and marketplace directly into MRI's RentPayment interface. Residents can access these benefits effortlessly, turning rent payments into opportunities for financial growth. Key Benefits of the Piñata + MRI Partnership: [ This image cannot be displayed. Please visit the source: ] Lily Liu, Founder & CEO of Piñata Photo by Struan Jamieson To view an enhanced version of this graphic, please visit: About Piñata Piñata is the nation's first platform dedicated to rewarding renters and building their financial resilience. By transforming rent payments into opportunities for rewards and credit growth, Piñata empowers the one-third of Americans who rent to achieve upward mobility. Even renters who are not part of the Powered By Piñata network of registered landlords can benefit with the PinataPay Visa Debit Card-a reimagined debit card that offers credit card-like rewards for every dollar spent or saved. Discover more at About MRI Software MRI Software is a leading provider of real estate solutions and services that transform the way communities live, work and play. MRI's open and connected, AI-powered platform enables agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. A trailblazer in the PropTech industry, MRI serves more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit Media Contacts Mandie Erickson for Piñata [email protected] 646-749-0777 Rachel Antman for MRI Software - North America [email protected] 212-362-5837 To view the source version of this press release, please visit
Yahoo
12-06-2025
- Business
- Yahoo
Pinata Announces Exclusive Partnership with MRI Software to Power Rewards and Credit Reporting for Renters
New York, New York--(Newsfile Corp. - June 12, 2025) - Piñata Rent, Inc., a leading rent rewards and credit-building platform, has announced a partnership with MRI Software, a global leader in real estate solutions and services. The partnership will deliver a first-of-its-kind resident rewards program, embedding Piñata's perks directly into MRI RentPayment. The enhanced features will give property managers a turnkey solution to boost on-time payments, engagement, and retention, while giving renters real financial benefits for simply paying rent. To view an enhanced version of this graphic, please visit: "Partnering with MRI Software, a trailblazer in PropTech, allows us to transform rent into a powerful financial tool," said Lily Liu, CEO of Piñata. "We're rewarding renters for timely payments and helping them build stronger financial futures, all while simplifying operations for property managers." "The integration between MRI RentPayment and Piñata offers more than credit reporting - it's a comprehensive rewards program that benefits renters no matter how they choose to pay rent," said Carla Hinson, VP of North America Solutions and Innovation at MRI Software. "The partnership equips property managers with innovative ways to elevate the resident experience and foster long-term loyalty." Renters are more likely to pay rent on time when payments are reported to credit bureaus, studies show. Additionally, two-thirds of renters say they prefer to live in communities that offer rent reporting services. The strategic partnership embeds Piñata's rewards system, credit-building engine, and marketplace directly into MRI's RentPayment interface. Residents can access these benefits effortlessly, turning rent payments into opportunities for financial growth. Key Benefits of the Piñata + MRI Partnership: Resident Rewards: On-time rent payments earn points redeemable for gift cards, home goods, and exclusive marketplace deals from top brands. Additionally, renters can sign up for the Piñata Pay no-fee debit card to get cash back or Piñata Points for every dollar spent or saved. Credit Building: Rent payments are reported to all major credit bureaus, helping renters improve or establish their credit profiles. Effortless Integration: Piñata's platform requires no additional administrative effort to manage. Revenue Opportunities: Property managers can offer premium Piñata services, including expanded rewards, backdated credit reporting, and identity theft protection, as part of their amenity packages. Increased Retention: Enhanced resident satisfaction drives lease renewals and loyalty. The Piñata rewards program will be promoted to renters within the Rentpayment application, where they can opt in to start earning rewards and boosting their credit. Lily Liu, Founder & CEO of PiñataPhoto by Struan Jamieson To view an enhanced version of this graphic, please visit: About Piñata Piñata is the nation's first platform dedicated to rewarding renters and building their financial resilience. By transforming rent payments into opportunities for rewards and credit growth, Piñata empowers the one-third of Americans who rent to achieve upward mobility. Even renters who are not part of the Powered By Piñata network of registered landlords can benefit with the PinataPay Visa Debit Card-a reimagined debit card that offers credit card-like rewards for every dollar spent or saved. Discover more at About MRI Software MRI Software is a leading provider of real estate solutions and services that transform the way communities live, work and play. MRI's open and connected, AI-powered platform enables agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. A trailblazer in the PropTech industry, MRI serves more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit Media ContactsMandie Erickson for Piñatamandie@ Rachel Antman for MRI Software - North Americarachel@ To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Pinata Announces Exclusive Partnership with MRI Software to Power Rewards and Credit Reporting for Renters
New York, New York--(Newsfile Corp. - June 12, 2025) - Piñata Rent, Inc., a leading rent rewards and credit-building platform, has announced a partnership with MRI Software, a global leader in real estate solutions and services. The partnership will deliver a first-of-its-kind resident rewards program, embedding Piñata's perks directly into MRI RentPayment. The enhanced features will give property managers a turnkey solution to boost on-time payments, engagement, and retention, while giving renters real financial benefits for simply paying rent. To view an enhanced version of this graphic, please visit: "Partnering with MRI Software, a trailblazer in PropTech, allows us to transform rent into a powerful financial tool," said Lily Liu, CEO of Piñata. "We're rewarding renters for timely payments and helping them build stronger financial futures, all while simplifying operations for property managers." "The integration between MRI RentPayment and Piñata offers more than credit reporting - it's a comprehensive rewards program that benefits renters no matter how they choose to pay rent," said Carla Hinson, VP of North America Solutions and Innovation at MRI Software. "The partnership equips property managers with innovative ways to elevate the resident experience and foster long-term loyalty." Renters are more likely to pay rent on time when payments are reported to credit bureaus, studies show. Additionally, two-thirds of renters say they prefer to live in communities that offer rent reporting services. The strategic partnership embeds Piñata's rewards system, credit-building engine, and marketplace directly into MRI's RentPayment interface. Residents can access these benefits effortlessly, turning rent payments into opportunities for financial growth. Key Benefits of the Piñata + MRI Partnership: Resident Rewards: On-time rent payments earn points redeemable for gift cards, home goods, and exclusive marketplace deals from top brands. Additionally, renters can sign up for the Piñata Pay no-fee debit card to get cash back or Piñata Points for every dollar spent or saved. Credit Building: Rent payments are reported to all major credit bureaus, helping renters improve or establish their credit profiles. Effortless Integration: Piñata's platform requires no additional administrative effort to manage. Revenue Opportunities: Property managers can offer premium Piñata services, including expanded rewards, backdated credit reporting, and identity theft protection, as part of their amenity packages. Increased Retention: Enhanced resident satisfaction drives lease renewals and loyalty. The Piñata rewards program will be promoted to renters within the Rentpayment application, where they can opt in to start earning rewards and boosting their credit. Lily Liu, Founder & CEO of PiñataPhoto by Struan Jamieson To view an enhanced version of this graphic, please visit: About Piñata Piñata is the nation's first platform dedicated to rewarding renters and building their financial resilience. By transforming rent payments into opportunities for rewards and credit growth, Piñata empowers the one-third of Americans who rent to achieve upward mobility. Even renters who are not part of the Powered By Piñata network of registered landlords can benefit with the PinataPay Visa Debit Card-a reimagined debit card that offers credit card-like rewards for every dollar spent or saved. Discover more at About MRI Software MRI Software is a leading provider of real estate solutions and services that transform the way communities live, work and play. MRI's open and connected, AI-powered platform enables agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. A trailblazer in the PropTech industry, MRI serves more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit Media ContactsMandie Erickson for Piñatamandie@ Rachel Antman for MRI Software - North Americarachel@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
