The HDB Extension of Stay is a private arrangement concerning a flat consumer and vendor, enabling the seller to remain in the bought device for the greatest period of a few months following the sale is legally completed. The ask for have to be submitted to HDB at time of the resale software, requiring a published agreement between both equally events. Both the client and vendor need 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 operator through the completion day, and the vendor, who must are already the flat's here proprietor, stays as A brief occupant. The conditions, including any lease, are privately agreed upon concerning the customer and seller, with HDB not imposing the specific circumstances in the agreement. This 1-time arrangement is important for sellers needing far more time to locate a new household and needs thorough thought from both equally get-togethers.