The HDB Extension of Keep is A personal arrangement among a flat purchaser and seller, making it possible for the seller to stay in the sold device for your most period of three months once the sale is legally finished. The ask for need to be submitted to HDB at enough time from the resale software, necessitating a created settlement amongst the two get-togethers. Both equally the buyer and seller must satisfy HDB’s eligibility conditions, plus a fee of $20 is payable for the appliance by using the more info HDB resale portal. The buyer is the new flat proprietor from the completion date, and the seller, who have to happen to be the flat's proprietor, stays as A brief occupant. The phrases, together with any hire, are privately arranged in between the buyer and seller, with HDB not enforcing the precise conditions from the agreement. This a single-time arrangement is critical for sellers needing additional time to find a new residence and calls for watchful consideration from each parties.