Each retail space is rented out for a week at a time. It is possible to rent retail space for up to four consecutive weeks. Extensions are not offered, but if the tenant wants to extend their rental period, they must book the retail space again at hringekjan.is
The rental price of retail space consists of a lump sum payment paid before the start of the lease term and a share of the lessee's income from the sale of his goods during the lease term. The latter is withheld when the payment is made to the lessee and is thus considered settled.
The one-time fee and the percentage of the tenant's share of the rent are determined by the price list as presented on Hringekjan's website at any given time. Hringekjan reserves the right to change its price list without notice. However, such changes do not apply to retail spaces that are already rented out.