Hdb Extension Agreement

The agreement to allow sellers to temporarily extend their stay is a private agreement between buyers and sellers. Both parties can discuss and agree on considerations such as the conditions for extending their stay and any financial compensation paid by home sellers to home buyers. The seller wishes to request a temporary extension of the stay, but the buyers do not agree. Can he still apply because he needs time to renovate the apartment he is buying? You can submit your application for a temporary extension of stay via MyRequest@HDB. You and the buyer must sign the temporary extension form after resale in the presence of an HDB customer relations manager. You can download the form from the HDB website. A black-and-white agreement will avoid possible quarrels in the future. Buyers and sellers must fulfil their respective obligations and responsibilities in accordance with the conditions of the temporary extension of the stay. HDB will not act as a mediator in the event of a dispute; Buyers and sellers must compensate HDB for any action or claim for allowing their private agreement for the temporary extension of the stay by the sellers. I am a new home buyer and I made an offer for an apartment.

The owners are asking for a 3-month extension while waiting to move to their new apartment (they have slightly reduced the price). No no. The maximum extension period is three months from the closing date of the resale transaction. Home sellers are advised to plan their sale and next purchase carefully in order to meet the deadlines. No no. Buyers and sellers must consent to the temporary renewal of the stay by the sellers when they file the resale application. If the seller plans to apply for a temporary extension of stay after the resale transaction, it is recommended that the seller speak with the buyers where the option to purchase is granted for his or her home. This will help manage buyers` expectations.

The maximum extension is three months. However, the seller only has to extend his stay by about a month, as his new apartment is already in the middle of the renovation. Can he extend my stay by one month? For all requests for an extension of stay, the maximum period of three months from the closing date of the resale is indicated. If the ex-owners (the seller) evacuated the apartment before the three-month period expired, the new owners (buyers) are required to inform the HDB establishment of their occupancy through My HDBPage. HDB will then conduct an inspection to ensure that new owners (buyers) reside in the apartment. The extension of the stay is automatically interrupted after 3 months. There will be no further extension beyond 3 months. Home buyers (new owners) should notify the HDB property that manages the apartment via My HDBPage if the extension is completed earlier. The calculation of the MOP for new owners begins after the renewal of the stay.

To be eligible for the temporary extension, you must: No. The seller can only apply for a temporary extension of the stay if he has committed to purchase a dwelling in Singapore.

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