English translation
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Guarantee Certificate
Tenants who receive financial aid can apply for a Guarantee Certificate from Reykjavík City. The City of Reykjavík becomes a guarantor and guarantees to pay a tenant’s rent in the event that the tenant defaults on their rental obligation.
Am I entitled to a Guarantee Certificate?
If you rent an apartment and have received financial aid in the past 2 months, you may be entitled to a Guarantee Certificate. Tenants who face significant social difficulties and housing problems may also be entitled to a Guarantee Certificate even if they do not receive financial aid.
Before applying for a Guarantee Certificate, you must have contacted your bank to find out if you are eligible for a bank guarantee or loan.
How do I apply for a Guarantee Certificate?
You can apply for a Guarantee Certificate through My Pages
You can also fill out a PDF application and send it to abyrgdaryfirlysing@reykjavik.is or submit it at your local service center.
What if my application is denied?
If your application is denied, and you believe there are exceptional circumstances, you can request a review by the Welfare Council Appeal Board.
Do I need to renew my Guarantee Certificate?
A Guarantee Certificate is generally valid for the same length of time as the lease agreement. You need to renew your Guarantee Certificate when your lease agreement expires.
How does the landlord request payment of the security deposit?
The landlord submits a request for payment of the security deposit to the email address abyrgdaryfirlysing@reykjavik.is. Afterwards, they fill out a written declaration of the tenant’s failure to perform contractual obligations. The landlord must provide confirmation that the tenant has been informed of the requirement.