All available rental property at Heimavellir‘s disposal is advertised on the company's website heimavellir.is and on its Facebook page. You can only apply for the apartments advertised there by clicking on the "apply" button in the ad.




1. Rental and return of the apartment – applications

All those who meet the criteria for allocation can apply for a rented apartment at Heimavellir through the website: www.heimavellir.is

Heimavellir reserves the right to check the financial background of those applying for a rental property.

2. Allocation of apartments and preparation of a lease

All available apartments are advertised on www.heimavellir.is.

3. Administrative fee and rental period

A temporary written lease for a period of 12 months is signed or an indefinite lease.

A fixed administrative fee is charged at the beginning of a rental period (20 000 ISK for each apartment).

Administrative fee covers among other things:

-  Appraisal/deposit fee upon allocation and return of an apartment,

-  Change of locks upon return of an apartment,

-  Preparation of a lease ,

-  Communication with tenants‘ credit institutions and/or social organizations,

-  Readings of electricity at the beginning and the end of rental period.

The administrative fee does not cover damage to the apartment detected at the final inspection or the cost of repainting the apartment, if necessary. If problems arise regarding damages to the apartment during its return, the tenant receives an invoice for estimated costs in accordance with a report by an independent assessor.

4. Payment conditions

Before a lease is signed and apartment allocated, the tenant must make the payment of the required deposit or submit a bank guarantee amounting to an equivalent of three months‘ rent and its validation period must be a month longer than the rental period, before a lease is signed and the admission to the property is granted.

Rent must always be paid on the first day of each month, and debt collection services take care of lease payments.

A written lease for 12 months is made. A lease is always renewed upon the tenant‘s request, except in the case of default on the part of the tenant in accordance with the lease and rent regulation. Renewal of a lease with a bank guarantee depends on the length of the guarantee. The deposit during the rental period is index-linked.

5. Termination of lease and appraisal of apartments

All terminations must be submitted in writing to heimavellir@heimavellir.is

In the event of termination of the lease during a 12 month lease, the notice period for Heimavellir is 3 months. If the lease is indefinite, the notice period is 6 months. Termination must be submitted in writing and substantiated.

During the notice period, the tenant is obliged to show his/her apartment to prospective tenants. Such visits must be announced reasonably early. The tenant or company agent is always present during such visits.

6. Appraisal of apartments at their return

The principle rule regarding the return of apartments is that floors and walls are clean and not damaged (no nails or holes) and painted surfaces are in good condition. Windows and balcony doors should be clean. Floors must always be clean (not necessary to polish the floors). Clean all the ventilation shafts and cabinets on the inside and outside along with the equipment belonging to the apartment. There should be functioning light bulbs in all rooms.

Painting of rental apartments may only be carried out with the prior permission of the landlord and at tenant‘s expense. At the moment of the return of an apartment and conducted independent appraisal the apartment is ready to be allocated to the next renter.

The tenant must submit the original copy of the lease to the office or auditor, with the sentence "Approved for cancellation" on the back and signature. Heimavellir takes care of the formal procedure of cancelation of the lease. If the lease is not submitted, it delays the entire process.

After the final appraisal has been carried out, the tenant is not required to perform any repairs in the apartment. The apartment should be ready for return by the final appraisal.

7. Maintenance obligations on the part of tenant and Heimavellir (landlord)

The tenant is obliged to take good care of the rented premises and use it in accordance with the agreement. If the rented apartment or any of its equipment is damaged by the tenant or other persons whom the lesse has allowed to use the apartment, it is the tenant‘s obligation to repair the damages as soon as possible. If the tenant neglects his/her duties, the landlord may perform necessary repairs at the tenant‘s expense. Beforehand, however, the landlord must grant the tenant a month to complete the repairs. The landlord should perform repairs to windows, electrical appliances, sanitary appliances and other equipment, if the tenant can prove that damages cannot be attributed to the negligence or fault on the part of the tenant or persons associated with him/her. The landlord is responsible for mowing the grass. The tenant is obliged to maintain locks, water taps, electrical sockets and other small items at his/her own expense. The tenant should also maintain the painted surfaces in the apartment. The landlord shall always keep the rented premises in rentable condition, i.e. renovate interiors, floor coverings, carpets, etc. at appropriate intervals, as good practice in the maintenance of apartments. Such damage to the rented apartment as is recoverable under the conditions of ordinary homeowners insurance should always be covered. The tenant is obliged to have contents insurance but the landlord is legally required to have homeowner‘s insurance. It is not the landlord‘s responsibility to connect the phone line into the apartment. The tenant can choose and cover the costs of installing a phone.


A housing fund covers the following maintenace costs:

- Heating of tenant‘s apartment,
- Heating and electricity in common areas,
- General waste sorting (no transport of large objects such as furniture to Sorpa),
- Maintenance of elevators (reparations are not included),
- Telephone costs from elevator,
- Snow removal,
- Mowing,
- Cleaning of common areas,
- Janitor services,
- Light bulbs in common areas,

This list is not exhaustive, it is only an example of what costs the housing fund can cover.


Rules regarding common areas

The most important rules:

- Cleaning in common areas must be performed in accordance with house rules established by each house.

- A high level of hygiene in common areas and around the house

- Keep the garbage disposal areas and common areas around the house clean,

- Special encouragement to smokers to pick up all stumps after smoking.