The HDB Extension of Stay is A personal arrangement between a flat customer and seller, enabling the vendor to remain within the bought unit for a utmost period of a few months after the sale is lawfully finished. The ask for has to be submitted to HDB at the time on the resale application, necessitating a written arrangement between equally parties. Equally the customer and seller ought to meet HDB’s eligibility standards, along with a cost of $twenty is payable for the application by means of the HDB resale portal. The customer is the new flat proprietor within the completion date, and the seller, who have to have been the flat's owner, stays as A brief occupant. The phrases, including any rent, are privately agreed upon amongst the customer and vendor, with HDB not implementing the specific circumstances on the settlement. This one-time arrangement is essential for sellers needing far more time to locate a new household and necessitates cautious consideration from click here the two events.