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Hi Harold, if you allow extension in the first place, then you can’t back off once the completion is over. So it be difficult for you during that 6 months should any dispute arises.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Harold Chen,
Thank you for reaching out.
For duration of extension stay, it is part of the terms during the negotiation process.
If one has agreed on the terms (such as duration of extension stay or option fees payable), it formed part of the contract.
Both parties have to adhere to the terms and conditions of the contract. While 6 months free extension might feel too long, if it had been agreed upon and signed, then, there is little can be done.
During the extension seller is required to maintain the property and not do structure work.
Tenants has exclusive possession of the premises, meaning one are not allowed to come into the premises unannounced or without permission. Hence, it is hard for one to verify whether there is any works being done during the extension period.
However, after the seller move out and if the buyer find that the place is not in its original conditions, the buyer can seek legal means to restore the property back to its original condition. One can terminate the extension if one can proof without breaking the law by entering the premises legally .

If you have further enquires, you can drop me at text at 94508732  .
I hope this help. Have a great day ahead.

With regards,
Andik Imran (BSc in Business)
PropNex Realty Pte Ltd
(M) +65 9450 8732 
(E) andikimran@realestatedad.sg
Learn more about me : https://realestatedad.sg/andik-imran/ Read More

Hi,

For private, I wouldn't call it an "extension of stay". It's more like a "sell and lease back" agreement, that is tied down by the initial OTP. In such cases, if both parties agree to the terms, it will be valid.

I had recently acted for the Seller in such a scenario, whereby my Sellers has the option to rent back the property upon legal completion for the next 3 months, subject to a rent payable to the new Owner.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Harold,

I believe you have the answer. The 6 months free extension you have described forms part of the conditions of sale. This is a private residential resale transaction therefore it considered a private treaty where both seller and buyer must be agreeable to all the terms and conditions, before the Option To Purchase is issued. I had 1 case a couple of years back where the extension stay for free was for 12 months.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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6 mths is a long time for Free stay...

you should price it into your purchase price...to cover the 'loss' of use or rental.

Steven
OrangeTee
khim.wang28@gmail.com
 91695023  Read More