The HDB Extension of Remain is a private arrangement involving a flat purchaser and vendor, letting the vendor to stay from the sold unit for the optimum period of three months following the sale is legally concluded. The ask for must be submitted to HDB at time on the resale application, necessitating a published settlement between equally events. Both of those the client and seller must satisfy HDB’s eligibility conditions, plus a fee of $20 is payable for the appliance by using the HDB resale portal. The buyer is the new flat operator in the completion date, and the vendor, who will have to are already the flat's here owner, stays as A brief occupant. The phrases, including any rent, are privately agreed upon involving the customer and vendor, with HDB not enforcing the specific problems of your settlement. This 1-time arrangement is critical for sellers needing extra time to locate a new home and demands mindful thought from equally functions.