The HDB Extension of Stay is A personal arrangement in between a flat consumer and seller, allowing the seller to remain during the sold unit for your optimum period of three months following the sale is legally concluded. The ask for must be submitted to HDB at the time on the resale application, necessitating a published arrangement concerning each events. The two the buyer and vendor should fulfill HDB’s eligibility conditions, and also a payment of $twenty is payable for the appliance through the HDB resale portal. The customer is The brand new flat operator from your completion date, and the seller, who need to are the flat's operator, stays as A short lived occupant. The conditions, such as any rent, are privately agreed upon amongst the client and seller, with HDB not imposing the particular ailments of your settlement. This one-time arrangement is vital for sellers needing a lot more time to find a new house and needs mindful thing to consider from get more info the two parties.