For a 3-month extension of stay after the completion of a property transaction, the **monthly housing loan installment** is typically **borne by the buyer**, as the mortgage will have already started after the property has been transferred. The seller no longer holds the responsibility for the loan payments once the sale is concluded.
In simple terms:
1. **Seller** is no longer responsible for the mortgage payments once the property is sold.
2. **Buyer** will bear the loan installments during the extension period as the mortgage is transferred to them.
3. The **extension period** refers to the additional time given to the seller to vacate the property after the sale, but the mortgage responsibility shifts to the buyer once ownership is transferred.
>> some buyers and sellers got private (legal) settlement of seller give another reasonable sum to buyer to cover "different expenses" for sellers extension to stay >> for others , there is no additional sum given as the " 3 months extension" is given as a discount in the " discounted selling price"
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