The HDB Extension of Stay is A personal arrangement concerning a flat purchaser and vendor, making it possible for the vendor to stay within the marketed device for a utmost duration of 3 months once the sale is lawfully done. The ask for should be submitted to HDB at enough time with the resale software, necessitating a penned settlement between the two events. Equally the client and seller must meet HDB’s eligibility conditions, as well as a rate of $twenty is payable for the appliance via the HDB resale portal. The customer is the new flat owner with the completion day, and the seller, who need to are actually the flat's owner, stays as a temporary more info occupant. The phrases, together with any rent, 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 needing a lot more time to find a new property and necessitates careful consideration from each events.