The HDB Extension of Remain is a private arrangement among a flat buyer and seller, making it possible for the vendor to stay from the sold unit for the optimum period of 3 months following the sale is legally done. The ask for has to be submitted to HDB at enough time of your resale software, demanding a written agreement among both equally get-togethers. Equally the buyer and seller ought to meet HDB’s eligibility criteria, and also a charge of $twenty is payable for the applying by way of the HDB resale portal. The customer is The brand new flat owner with the completion day, and the seller, who ought to happen to be the flat's proprietor, stays as A brief occupant. The conditions, such as any lease, are privately arranged between the buyer and seller, with HDB not imposing the precise conditions in the website arrangement. This a person-time arrangement is essential for sellers needing far more time to locate a new dwelling and requires mindful thought from both equally get-togethers.