The Consumers' Association Renting Helpline website contains various information regarding the rental of residential properties, including terminations and rescissions.
The Renting Helpline offers free services for both landlords and tenants.
Here you can find samples of notices relating to terminations and rescissions.
Such a notification must be received by the party concerned in a verifiable manner in order for the termination/rescission to have legal effect.
The parties concerned often agree to conclude the contractual relationship before the lease runs its term.
In such cases, the end of the leasing must be notified to HMS with a request for a deregistration of the lease in the HMS Rent Register. Here you can cancel and terminate a rental agreement that was made through island.is. If you made an online agreement through myigloo.is, you must cancel it there.
Note that both parties must be in agreement on this.