Renting a home in Iceland

Most landlords ask for a deposit plus one month’s rent. The deposit will be refunded when moving out. Alvotech can provide letters of recommendation for its employees. If any damage is done to the accommodation, the landlord is allowed to withhold the sum required to repair the damage from the deposit. Generally speaking, a lease is signed between the landlord and the tenant. Some landlords use a standard lease agreement from the Ministry of Social Affairs in Iceland. Before signing a lease, it is important to read it carefully and understand its regulations.

Rent prices fluctuate with the housing market, but the current monthly rate is around ISK 250,000.

“Never send any money or deposit without seeing the apartment in person or at least through the video chat”