An HDB flat occupier can be a one that is detailed during the flat application to meet the eligibility necessities of a selected housing scheme, such as the Community Scheme. Compared with an owner, an occupier has no legal ownership rights on the flat and can't use their CPF savings to pay for the purchase or even the regular property finance loan installments. A important duty for an occupier is always to physically reside while in the flat and adhere to your 5-12 months Least Profession Period of time, equally as the proprietor does. An occupier also can't be a party for the flat’s sale or transfer. If a adjust while in the occupier is needed, the proprietor need to submit an application to HDB for approval, that may be finished as a result of HDB's e-services portal. This difference is very important, mainly because it impacts don't just lawful rights but additionally economic matters, such as the overall website financial loan quantum which can be acquired for your flat.