The HDB Extension of Keep is a private arrangement amongst a flat purchaser and seller, allowing the vendor to remain during the marketed unit for just a greatest period of 3 months after the sale is lawfully finished. The ask for has to be submitted to HDB at some time on the resale software, necessitating a written arrangement between equally parties. Equally the customer and seller ought to meet HDB’s eligibility requirements, and a price of $twenty is payable for the application through the HDB resale portal. The customer is The brand new flat owner through the completion day, and the vendor, who need to are actually the flat's owner, stays as a temporary 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 arrangement. This a person-time arrangement is essential for sellers needing a lot more time to find a new property and more info necessitates careful consideration from each events.