The HDB Extension of Stay is A personal arrangement concerning a flat consumer and seller, enabling the seller to stay inside the sold device to get a maximum duration of three months following the sale is legally done. The request needs to be submitted to HDB at time of the resale software, demanding a prepared settlement amongst both functions. Both the client and vendor should meet up with HDB’s eligibility criteria, plus a fee of $20 is payable for the applying via the HDB resale portal. The client is The brand new flat operator from your completion day, and the vendor, who must have already been the flat's operator, stays as a temporary occupant. The terms, which include any hire, are privately agreed upon among the client and vendor, with HDB not implementing the precise circumstances in the arrangement. This a person-time arrangement is essential for sellers here needing a lot more time to find a new property and necessitates careful consideration from equally functions.