The HDB Extension of Remain is A personal arrangement between a flat consumer and seller, enabling the vendor to remain in the marketed unit for just a greatest period of 3 months after the sale is legally completed. The request must be submitted to HDB at some time on the resale software, requiring a penned agreement concerning the two get-togethers. The two the customer and vendor need to fulfill HDB’s eligibility criteria, and also a charge of $20 is payable for the applying via the HDB resale portal. The client is The brand new flat read more operator in the completion date, and the vendor, who will have to have already been the flat's proprietor, stays as A short lived occupant. The conditions, which includes any lease, are privately arranged concerning the buyer and seller, with HDB not enforcing the particular problems of your agreement. This a single-time arrangement is critical for sellers needing extra time to locate a new home and demands mindful thought from both equally functions.