Asked by Anonymous
My wife and I are joint-tenancy in our 3-gen flat. We have 2 more years to go before reaching 5 years MOP.
We have listed my Mum and Dad as occupiers to meet the eligibility requirements of owning 3-gen flat. My Mum and Dad had to sell their previous flat as part of the requirements to become occupier so as to meet the 3-gen eligibility.
Now, my Mum and Dad who are in their 70s want to move out and have their own place instead of living with us in the 3-gen flat, and we do not have the finances to buy a condo for them, nor do they have the money.
My question:
1. Can I replace my Mum and Dad the current occupier with my in-law’s?
2. How can I still keep my 3-gen flat?
3. What cheap options housing are there for my Mum and Dad who are in their 70s?
4. Any more suggestion on what else can be done base on my current situation?
We have listed my Mum and Dad as occupiers to meet the eligibility requirements of owning 3-gen flat. My Mum and Dad had to sell their previous flat as part of the requirements to become occupier so as to meet the 3-gen eligibility.
Now, my Mum and Dad who are in their 70s want to move out and have their own place instead of living with us in the 3-gen flat, and we do not have the finances to buy a condo for them, nor do they have the money.
My question:
1. Can I replace my Mum and Dad the current occupier with my in-law’s?
2. How can I still keep my 3-gen flat?
3. What cheap options housing are there for my Mum and Dad who are in their 70s?
4. Any more suggestion on what else can be done base on my current situation?
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