Russell-Cooke has advised a commercial client on its innovative approach to multiple occupancy letting and licences in London and the South East.
A multi-disciplinary team, led by Matt Bosworth, partner in the regulation team, advised the client on a proactive and preventative approach to risk management.
An increased interest from regulators into multiple occupancy letting has prompted many companies to revisit their operations - how they are structured, how to approach the variety of legal agreements required, and how to ensure they meet their obligations to their tenants. In particular, there is a sharp focus on ensuring the health and safety of tenants.
The potential penalties for failing to comply now range from fines of up to six figures for the companies and possible imprisonment for individual directors and senior managers.
Advice on the operation's business plan was provided by Kizzy Augustin (health and safety) and Matt Bosworth (regulation). Stephen Small (property litigation) advised on health and safety in multiple occupancy properties and consumer rights as well as landlord and tenant issues.