The HDB Extension of Keep is a private arrangement amongst a flat purchaser and vendor, allowing the vendor to remain in the marketed unit for just a utmost period of a few months after the sale is lawfully accomplished. The ask for have to be submitted to HDB at the time with the resale application, necessitating a created settlement in between both of those events. Both of those the buyer and vendor must meet up with HDB’s eligibility conditions, plus a fee more info of $20 is payable for the applying via the HDB resale portal. The client is The brand new flat operator from your completion day, and the vendor, who must are already the flat's operator, stays as a temporary occupant. The terms, which include any hire, are privately arranged among the client and vendor, with HDB not implementing the precise circumstances on the settlement. This a person-time arrangement is essential for sellers needing far more time to locate a new household and requires cautious consideration from the two events.