Criteria for becoming a Guardian• Process Governed by BSI 7858:2008 (Vetting).• Employed, single persons or couples.• Proof of identity (Passport, Drivers License).• Copy Utility Bill in their own name• Copy bank statement• Employers reference & Independent Character Reference No Students, No Families, No Pets
Guardian Recruitment • Formal Interview by Camelot Managers. • Details of license are explained to the applicant. • Bond and other fees are received. • Keys issued.For every 100 applicants less than 40 will be deemed acceptable.
Guardian Obligations• Amicable sharing.• Keep room & property clean and tidy.• Report any issues to Camelot on 24-hour manned emergency number.• No parties.• No overnight guests• Give 4-weeks notice when moving.
Current Irish Guardians• Men / Women 55% / 45%• Over the age of 25 88%• Over the age of 35 43%• 18-25 years old 12%
Legal Structure Owner Authorisation Agreement* Camelot Temporary Occupation Licence* Guardian* Authorisation Agreement and Temporary Occupation License constructed by Hayes Solicitors.
Authorisation Agreement with Owner •Signed by the Owner and Camelot •Gives Camelot permission to install Guardians. •Gives Camelot permission to enter the property. •Does not give Camelot any tenancy rights. •Sets out Camelot’s & Owner’s responsibilities. •Independent Snr. Council Opinion sought. Sean Farrell SC.
Temporary Occupation License•Signed by the Guardian and Camelot •Camelot gives the Guardian permission to reside. •Sets out Guardian responsibilities & restrictions. •The Guardian concedes any tenancy rights. •Clearly sets out Camelot’s responsibilities. •Independent Snr. Council Opinion sought. Sean Farrell SC.
Ghost Estates in receivershipProperty: Development, Wexford Property: Development , CavanGuardians: 4 Guardians: 2Occupied Since: January 2011. Occupied Since: October 2011Owner: Receiver Owner: Receiver
Hotels seeking a buyerProperty: Hotel & Complex Property: HotelGuardians: 6 Guardians: 6Occupied Since: October: 2010. Occupied Since: September 2011Owner: Receiver Owner: Receiver
Nursing Homes seeking a new use. Property: Nursing Home, Mayo Property: Private Hospital, Dublin Guardians: 4 Guardians: 13 Occupied Since: September 2012 Occupied Since: June 2012 Owner: Religious Order Owner: Private Owner
Private ResidencesProperty: Private Home Property: Private HomeGuardians: 4 Guardians: 3Occupied Since: February 2012 Occupied Since: March 2012Owner: Private Owner Owner: Private Owner
Religious Residential PropertiesProperty: Convent Property: Retreat CentreGuardians: 6 Guardians: 18Occupied Since: September 2012 Occupied Since: May 2012Owner: Religious Order Owner: Religious Order
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Cost break-down 1. Weekly Management fee: €40 - € 500 plus an intake fee2. Cost of making the property habitable e.g. repairs of smashed windows new locks Install / remove shower cabinet and electric shower3. All outgoings of the premises. Utility bills Insurance
The Cost SavingsActual Example: Hotel in North East – Insured Value €15m.IF LEFT VACANT IF OCCUPIED BY CAMELOTInsurance Cost (part risk) € 30k pa. Insurance Cost (all risk) € 15k pa.24 Hour security € 125k pa. Make Ready Costs € 12k (one off)Decommission cost € 8k (one off) Management Costs €13k pa.Total Costs: € 163k pa. Total Costs: € 40k pa.Annual Costs: € 155k pa Annual costs: € 28k pa. Total Cost Savings: € 123k Total Annual Savings: € 127k pa.
Camelot Live-in Guardian Solution Questions Please Protecting the Property’s Value using Caretakers as “eyes & ears” of the owner.