The HDB Extension of Keep is a private arrangement involving a flat consumer and vendor, allowing for the vendor to remain within the sold device for just a utmost duration of 3 months once the sale is lawfully finished. The request need to be submitted to HDB at some time from the resale application, demanding a created agreement among both equally functions. Both of those the customer and seller need to satisfy HDB’s eligibility criteria, as well as a price of $20 is payable for the applying by means of the HDB resale portal. The client is The brand new flat proprietor from your completion day, and the seller, who should happen to be the flat's operator, stays as more info a temporary occupant. The phrases, like any rent, are privately agreed upon between the client and vendor, with HDB not enforcing the particular circumstances of the arrangement. This a single-time arrangement is critical for sellers needing far more time to find a new home and involves cautious thought from both of those get-togethers.