Residential lease agreement template for Iceland

Landlord: Landlord's full name, ID no. Landlord's kennitala, Landlord's address, phone and email Landlord's phone and email for notices.

Name every owner who lets the home.

Tenant: Tenant's full name, ID no. Tenant's kennitala, phone and email Tenant's phone and email for notices.

Name every tenant. Notices sent electronically to the phone or email given here count as written notices. Keep them up to date.

Landlord's representative, whom the tenant can contact, see article 7 of the Tenancy Act: Landlord's representative in Iceland.

A landlord who lives abroad or cannot act must name a representative. Give name, kennitala and address.

The premises are a home at Address of the home, property number Property number (fasteignanúmer), flat number Flat number (íbúðanúmer), Size m² in size, Number of rooms rooms, with at least one bedroom and its own kitchen or cooking facilities, toilet and bathroom.

For a single room, describe the room and say which kitchen and bathroom it shares. The notice period for a room is 3 months, not 6.

Further description, storage, common parts and any limit on use: Further description. The premises are not intended for a special group of tenants.

If the home is for students, older people or another group, say so instead. If the area sets the rent, state how it was measured.

Optional

This lease is open-ended and starts on Start date. Notice must be in writing and sent in a provable way. The notice period is six months for both parties and starts on the first day of the month after the notice was sent. Termination by the landlord is governed by article 55a of the Tenancy Act.

Keep this or the fixed-term clause, not both. A legal entity letting homes as a business gives 12 months' notice once the tenant has rented over 12 months.

Optional

This lease is for a fixed term from Start date to End date of a fixed-term lease and ends on the agreed date without notice. It cannot be terminated during the term except on the following grounds, with at least three months' mutual notice: Agreed early termination grounds.

Use specific grounds the act does not cover. The tenant has a priority right to rent again, unless a 51. gr. exception applies.

At handover the premises shall be clean, the windows whole, the locks and switches working, and the sanitary, heating and household appliances that belong to the premises in order, as well as the water and drain pipes, the smoke detector and the fire extinguisher. The tenant shall make written comments within four weeks of handover, and on hidden defects within 14 days of discovering them.

The tenant carries out minor maintenance at his or her own cost, such as changing light bulbs and smoke detector batteries and clearing drains, and repairs damage caused by the tenant or people on the tenant's behalf. The landlord carries out all other maintenance inside and outside and keeps the premises fit for letting.

Optional

The tenant also takes over the following maintenance at his or her own cost: Maintenance the tenant takes over.

Section 2 bars extra tenant duties unless the act allows them. Minor maintenance (19. gr. a) is already the tenant's. Take advice first.

The tenant pays the water, electricity and heating costs in the premises and tells the utilities that he or she is the new customer. The landlord pays the property charges, the insurance premiums and the common costs of a multi-unit building. Meter readings at handover: electricity meter Electricity meter number and reading, hot water meter Hot water meter number and reading, read on Date of the meter readings.

If the hot water meter serves the whole building, the tenant does not register with the utility. Agree how the heating cost is shared.

Optional

Deviation from the above cost split: Agreed change to the cost split.

The parties may change the legal cost split, but only if the lease states the change.

The tenant shall use the premises only as a home and treat them with care. The tenant may not alter the premises, install fixed fittings or change the locks without the landlord's written consent. Subletting and assignment of the lease are not allowed without the landlord's consent.

The landlord has access to the premises with reasonable notice and in agreement with the tenant, but never without the tenant or the tenant's representative present unless the tenant consents. During the last six months of the lease the premises may be shown, but for no more than two hours at a time and with at least 24 hours' notice.

Optional

The monthly rent is ISK Monthly rent in ISK. The rent shall remain unchanged for the whole lease term.

Keep either this clause or the index clause below.

Optional

The monthly rent is ISK Monthly rent in ISK. The rent changes How often the rent changes in line with changes in the Index the rent follows, based on the base index Base index value at the start at the start of the lease. In a fixed-term lease the rent does not change during the first 12 months of the term.

Register each change in Leiguskrá within 30 days, or the tenant may refuse the increase. A pending bill would ban monthly indexation, see the warning above.

The rent may not otherwise change during the term unless the conditions of articles 37a to 37c of the Tenancy Act are met. A dispute about the rent must be referred to the Housing Complaints Committee within three months of the start of this lease or of an agreement to change the rent.

Rent is paid on the first day of each month, one month in advance, to the landlord's account no. Landlord's bank account for rent. If the due date falls on a public holiday, it is the next working day. If rent is not paid within seven days of the due date, the landlord may claim penalty interest.

The landlord may not ask for more rent in advance. Rent paid into a bank counts as paid on the day of payment.

The tenant provides the landlord with security for proper performance of this lease, that is for rent and for compensation for damage to the premises, in the form of Type of security in the amount of ISK Amount of the security in ISK.

A cash deposit or a personal guarantee may not exceed 3 months' rent. The tenant may refuse a cash deposit by offering another security the landlord accepts.

Optional

A cash deposit shall be held in a separate instant-access account no. Interest-bearing deposit account at the best interest rate available. Within four weeks of the return of the premises, the landlord shall tell the tenant in writing whether he or she makes a claim on the deposit. Otherwise the landlord returns it with interest without undue delay.

Keep it only for a cash deposit. The landlord may use the deposit for unpaid rent, but for damage only with the tenant's consent or a final ruling.

The parties have inspected the condition of the premises, including fire safety, when making this lease. Inspector: Independent inspector, if any. Main results: Main results of the entry inspection. The inspection is the basis for any dispute about the tenant's liability when the premises are returned.

Either party may ask for an independent inspector, and the cost is shared equally. Attach the full report.

The flat has Number of working smoke detectors working smoke detectors and Fire extinguishers serviced last year fire extinguishers serviced annually by an approved service provider. The emergency exit is easy to find and clear.

HMS asks for at least one smoke detector per 80 m² and at least one fire extinguisher.

A sale of the premises does not need the tenant's consent, and the tenant's legal position stays the same. The landlord shall notify the tenant of the sale in a provable way no later than 30 days after the purchase contract is signed, with the name, address and ID number of the new owner.

The landlord registers this lease in the rental register of the Housing, Construction and Planning Agency no later than 30 days after signature, registers rent changes within 30 days of their effective date, and deregisters the lease no later than 30 days after the end of the lease.

A lease signed on island.is is registered when all parties sign. HMS registers a hand-signed paper lease only with two witnesses, and it can take up to a week.

Special terms: Special terms.

A special term is valid only if the act allows it. A term that reduces the tenant's rights has no effect.

Optional

Landlord's statement on marital status: Landlord's marital status statement. The landlord's spouse, Landlord's spouse, name and kennitala, consents to this lease, see article 60 of the Marriage Act no. 31/1993.

Keep it when the landlord is married and lets the family home. Without the spouse's consent the lease can be challenged.

This lease is governed by the Tenancy Act no. 36/1994. It is made in two identical copies, and each party keeps one. Place of signature, Date of signature. Landlord: Landlord's full name. Tenant: Tenant's full name.

A hand-signed lease needs two witnesses with name and kennitala for Leiguskrá. For the land register too, file the original and one copy on approved paper.