newbiee 0 Report post Posted July 29, 2011 (edited) Hi, my fren bgt a resale and suppose to shift in during Sept but the current owner is asking for 3 mth extension which he will pay my fren rental for this duration. Is the above legal? Edited July 29, 2011 by newbiee Share this post Link to post Share on other sites
west 1 Report post Posted July 29, 2011 if i am not mistakenthere should be a minimum occupancy period before it can be rented out... need to check hdb regulations in their websiteanyway, u can do anything but don't get caught Share this post Link to post Share on other sites
owentch 0 Report post Posted July 29, 2011 Hi, my fren bgt a resale and suppose to shift in during Sept but the current owner is asking for 3 mth extension which he will pay my fren rental for this duration. Is the above legal?Remember... the response from you friend should be NO extension allowed (in view of hdb regulation)If seller insist 3 mth extension then I recommend to postpone the HDB 2nd appointmentTell you friend not to deal directly with seller. (not making your friend in difficult position)Instead ask buyer agent to deal with seller/seller agent for any request... remember buyer agent is collecting the commission after all.. Share this post Link to post Share on other sites
therat 18 Report post Posted July 29, 2011 By law, cannot.But, if the seller is going to do buy and sell HDB at the same time. Ask to propose the 2nd appointment. Mostly the seller will refused to sell the house to your friend.Base on your post, I guess they had exercise the OTP, right?Buyer and seller only can extend 2nd appointment max 8 wk. If more than 8 wk, better check with HDB officer.If your friend is take Bank loan, ask him to read his LO line by line again if want to extend 2nd appointment. Share this post Link to post Share on other sites
Plastic3 0 Report post Posted July 29, 2011 Remember... the response from you friend should be NO extension allowed (in view of hdb regulation)If seller insist 3 mth extension then I recommend to postpone the HDB 2nd appointmentTell you friend not to deal directly with seller. (not making your friend in difficult position)Instead ask buyer agent to deal with seller/seller agent for any request... remember buyer agent is collecting the commission after all..Depending on the situation...If the seller is also buying, if you postpone the completion....they may not have the $$$ to complete their buying transactionBest,Mark Share this post Link to post Share on other sites
