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My buyer has a change of mind not to allow us the rent free temporary extension stay after the approval of application before the completion date. My agent did not indicate any termination clause or penalty for either parties in the agreement other than the agreed compensation we (seller) have to pay to the buyer for the mentioned duration in the agreement after HDB legal completion. OTP did not include this agreement. Does it mean the agreement is not legal binding? The buyer can change mind and we have to move out upon the completion date?
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3 Answers

Do you mean that there is a supplementary agreement signed for the rent free extension stay? Is the extension submitted to HDB during resale application? If you have the agreement on extension signed, technically speaking even if there is no termination clause or penalty involved, you still have a case, nevertheless, because this transaction has not completed, if the buyer decides to walk away from the legal completion due to the disagreement, it can also get quite messy as you will then need to activate legal actions against the prospective buyers. I will suggest to have an open discussion with the buyers to communicate on the situation for everyone to understand better in order to move on.

I have been in the real estate business since 2009, with more than 13 years 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 client's 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.

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"If you need more assistance with property matters:

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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
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