An apartment transfer fee is a fee that is calculated for transfer between apartments. The transfer fee is divided into a one-time fee, ISK 30,000, which is added to the first month's rent and is charged at the signing of the lease agreement and a daily fee, ISK 3,000, for each day that the tenant has the previous apartment until it is returned. The daily fee is calculated from the second day, which means that if the tenant signs a contract for a new apartment on Monday, the tenant can return the apartment on Tuesday without a daily fee, but if he returns on Wednesday, a daily fee of ISK 3,000 is added and the total transfer fee will therefore be ISK 33,000. Tenants have the option of spreading the fee for up to six months.
