The HDB Extension of Stay is A non-public arrangement among a flat customer and seller, allowing for the vendor to remain while in the marketed unit for a optimum duration of 3 months after the sale is lawfully concluded. The request has to be submitted to HDB at the time of the resale software, requiring a penned arrangement in between both get-togethers. Equally the buyer and seller must meet up with HDB’s eligibility criteria, and a cost of $20 is payable for the application through the HDB resale portal. The buyer is the new flat owner within the completion day, and website the seller, who will have to are actually the flat's owner, stays as A short lived occupant. The terms, together with any rent, are privately agreed upon involving the client and vendor, with HDB not imposing the particular ailments of your settlement. This a single-time arrangement is crucial for sellers needing more time to locate a new dwelling and involves mindful thought from equally events.