OWNERSHIP OF AN HDB APARTMENT COMES WITH RESPONSIBILITIES
As a proud owner of a flat, you want to know what you can and cannot do in your home. Well, HDB has set-up a number of guidelines that flat owners should follow with regards to the use and ownership of their flat. They include the following.
Subletting your flat / room
Renting your home out is a great way to make some extra income. However flat owners have some rules to follow in this case, such as:
Having occupied your non-subsidised flat for at least three years.
Having occupied your subsidised flat for at least five years.
If you do not meet this Minimum Occupation Period, don't worry because you can still sublet your flat if:
You are living in quarters provided by your employer.
You are going overseas to work or study.
You are living in commercial properties.
You are the only occupier of the flat and you need assistance from relatives because you are ill.
You as the sole occupier are hospitalized for more than six months.
The flat owners have passed away and left behind an orphaned minor child. The guardian or public trustee of the child may sublet the whole flat.
If you decide to go ahead and sublet your flat, take note that there are certain eligibility conditions that your tenants have to comply with. They must be Singapore Singapore Singapore
