Create and register lease agreement

A lease agreement always involves at least two parties: the landlord and the tenant. The following information must be stated regarding the parties to the agreement:

• Names, home addresses, and national identification numbers (kennitala) of the contracting parties.

If the landlord or tenant is unable to fulfill their obligations personally, e.g. due to long-term absence or illness, it is necessary to register an authorized representative. If this is the case, the following information must be provided:

• Name, home address, and national identification number of authorized representative acting on behalf of the landlord

An estate of a deceased person may act as the landlord, in which case an authorized representative must be registered.

Transfer of Tenancy Agreements

• A rental property may be sold without the tenant’s consent, but the tenant must be notified of the change of ownership within 30 days of the purchase agreement being signed

• The new owner assumes the role of landlord, including all rights and obligations under the tenancy agreement

• The tenant’s rights remain unchanged despite the change of ownership

• HMS must be notified of the transfer when the deed of conveyance is registered