The HDB Extension of Continue to be is a private arrangement among a flat buyer and vendor, letting the seller to stay while in the sold device for any maximum duration of three months following the sale is lawfully concluded. The request need to be submitted to HDB at time of your resale application, demanding a created settlement in between both of those events. Both equally the buyer and seller will have to satisfy 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 are actually the flat's owner, stays as A brief occupant. The phrases, together with any rent, are privately agreed upon among the client and vendor, with HDB not implementing the precise circumstances on the settlement. This a person-time arrangement is more info essential for sellers needing far more time to locate a new household and requires cautious consideration from the two events.