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1 May 2012 marked the day in which the Legal Aid, Sentencing and Punishment of Offenders Act 2012 received Royal Assent. Section 144 of the Act has created a new offence of squatting in a residential building.
An offence will not be committed by a person 'holding over' after the end of a lease or licence. The new offence could see squatters face up to 6 months imprisonment or up to a £5,000 fine. It is inevitable that the offence will be up for debate as to what actions constitute the offence and more importantly, the cost implications the law will have on taxpayers… watch this space!
The new regime introduced by the Act will take shape over the next 18 months, but those who design, build or manage high rise buildings are being urged to get ready for the changes to be introduced through the act.
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On 14 February 2022, Secretary of State of the Department for Levelling Up, Housing and Communities, Michael Gove, announced proposals designed to pressure building developers and materials manufacturers to fund the remediation of unsafe properties.
The Commercial Rent (Coronavirus) Act 2022 was finally passed yesterday (24 March) and comes into force immediately.
The Government has this week published the Economic Crime (Transparency and Enforcement) Bill as part of its measures to crack down on foreign criminals using property in this country to launder money. The Bill proposes the establishment of a Register of Overseas Entities to be maintained by Companies House.
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