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The transition period during which the installation of smoke detectors was voluntary has ended - from now on, it is an obligation.
From now on, all buildings which include at least one residence - i.e. where people live - must have smoke detectors installed. In practice, this means that detectors should be installed in all bedrooms as well as escape routes, such as hallways.
Landlords are responsible for their installation in rented properties, while renters are responsible for their maintenance (such as replacing batteries, when and if required).
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However, there is no penalty in the law for failing to install smoke detectors - nor are insurance companies allowed to penalise you for failing to install them, and must still pay out for any damage caused by fire, even if no smoke detector has been installed.
With that said, the regulation means it is mandatory to ensure smoke detectors are installed — and even if it did not, it is arguably a good idea to do so in the interest of your own and others' safety.
More information on how and where to install detectors for maximum effience and compliance can be found here.