The HDB Extension of Keep is A non-public arrangement amongst a flat purchaser and vendor, allowing for the vendor to remain during the offered device for the highest duration of three months once the sale is legally done. The request must be submitted to HDB at enough time from the resale software, requiring a prepared settlement amongst both functions. Both the client and vendor should meet up with HDB’s eligibility conditions, as well as a rate of $20 is payable for the appliance by using the HDB resale portal. The buyer is the new flat proprietor from the completion date, and the seller, who ought to happen to be the flat's proprietor, click here stays as A brief occupant. The conditions, including any rent, are privately agreed upon involving the customer and vendor, with HDB not enforcing the specific problems with the settlement. This 1-time arrangement is vital for sellers needing additional time to locate a new dwelling and requires cautious consideration from the two functions.