The HDB Extension of Remain is A non-public arrangement amongst a flat purchaser and vendor, making it possible for the vendor to remain from the sold unit for the optimum period of three months following the sale is legally concluded. The ask for should be submitted to HDB at some time of your resale application, requiring a penned arrangement between both equally parties. Both equally the buyer and seller will have to satisfy HDB’s eligibility conditions, as well as a rate of $20 is payable for the appliance via the HDB resale portal. The client is more info The brand new flat operator in the completion day, and the vendor, who must are already the flat's operator, stays as a temporary occupant. The terms, which include any hire, are privately agreed upon among the customer and vendor, with HDB not implementing the specific problems of your settlement. This a single-time arrangement is important for sellers needing more time to find a new house and calls for thorough thing to consider from both parties.