The HDB Extension of Remain is a private arrangement in between a flat consumer and vendor, allowing the seller to stay within the sold unit for any optimum duration of three months following the sale is lawfully finished. The ask for has to be submitted to HDB at some time on the resale software, necessitating a penned arrangement between equally parties. Equally the customer and seller ought to meet HDB’s eligibility requirements, and a price of $twenty is payable for the application by means of the HDB resale portal. The customer is the new flat owner with the completion day, click here and the seller, who have to have been the flat's owner, stays as A brief occupant. The phrases, together with any rent, are privately agreed upon amongst the customer and vendor, with HDB not implementing the precise circumstances on the settlement. This one-time arrangement is vital for sellers needing far more time to locate a new household and necessitates cautious consideration from the two events.