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The Ísland.is App

The rental property

  • It is very important to accurately specify the rented property. Otherwise, there is a risk that one or both parties may claim rights to a larger rental unit than originally intended

  • The property ID number, size, and number of rooms must be included, along with a clear description of the rented unit

  • It must be clearly stated whether the lease is for an individual room (room rental) or a complete apartment (apartment rental)

  • If the rental unit is intended for specific groups of tenants, such as older adults or students, this must also be specified in the lease agreement

Rental period

  • Lease agreements may be either fixed-term or indefinite

  • Fixed-term leases expire at the end of the agreed period without the need for formal termination, unless otherwise stated in the agreement

  • Indefinite leases may only be terminated by stating a valid reason for termination (in accordance with new legal requirements applying to agreements made on or after September 1, 2024)

Termination of infinite Lease Agreements