The HDB Extension of Remain is A personal arrangement among a flat purchaser and seller, making it possible for the seller to remain inside the offered unit for a maximum duration of 3 months after the sale is lawfully done. The request has to be submitted to HDB at the time of your resale application, requiring a published arrangement in between both functions. Each the customer and vendor have to meet HDB’s eligibility standards, along with a rate of $20 is payable for the appliance via the HDB resale portal. The buyer is the new flat operator from your completion date, and the more info seller, who will have to are already the flat's operator, stays as A short lived occupant. The conditions, which includes any lease, are privately agreed upon amongst the customer and vendor, with HDB not imposing the particular disorders of the settlement. This one-time arrangement is vital for sellers needing a lot more time to locate a new dwelling and necessitates watchful thought from equally events.