The HDB Extension of Stay is A personal arrangement concerning a flat customer and seller, enabling the vendor to remain within the bought unit for a maximum duration of three months following the sale is legally concluded. The request needs to be submitted to HDB at enough time from the resale software, requiring a prepared agreement amongst each functions. Each the client and vendor should meet up with HDB’s eligibility criteria, plus a fee of $20 is payable for the applying via the HDB resale portal. The client is The brand new flat operator in the completion date, and more info 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 between the buyer and seller, with HDB not imposing the particular conditions in the arrangement. This just one-time arrangement is very important for sellers needing much more time to locate a new household and requires cautious consideration from the two events.