húsfélag

Húsfélag is an Icelandic term that translates to "house association" or "household association." It refers to a group of individuals who live together in a shared dwelling, such as a house or apartment, and collectively manage the household responsibilities and finances. This arrangement is common in Iceland, particularly among young adults, students, or individuals seeking more affordable living options.

The members of a húsfélag typically contribute to shared expenses like rent or mortgage payments, utilities, internet, and household supplies. They often establish agreements or rules for managing the household, which can include guidelines for cleaning, noise levels, guest policies, and conflict resolution. The specific structure and responsibilities within a húsfélag can vary greatly depending on the individuals involved and their living situation.

This form of cohabitation allows for shared resources and a division of labor, which can make living more economical and socially engaging. It promotes a sense of community and mutual support among residents. While the term specifically refers to a domestic arrangement, the underlying concept of shared living and responsibility is found in various forms of cohabitation globally.