The HDB Extension of Keep is a private arrangement amongst a flat buyer and seller, permitting the vendor to stay in the offered unit for just a highest period of 3 months following the sale is legally concluded. The ask for needs to be submitted to HDB at the time in the resale application, requiring a composed agreement amongst both equally functions. Both the customer and seller need to satisfy HDB’s eligibility criteria, plus a rate of $twenty is payable for the application via the HDB resale portal. The client is the new flat proprietor from the completion day, and the seller, who need to are actually the flat's operator, stays as A short lived occupant. The conditions, such as any rent, are privately agreed upon in between the buyer and vendor, with HDB not implementing the precise disorders of your settlement. This a person-time arrangement is crucial get more info for sellers needing much more time to locate a new dwelling and involves very careful thought from the two parties.