Protection by Occupation: Everyone wins - Damian Woods, Regional Manager, Camelot Property...

The Vacant Property Specialists

Camelot Live-in Guardian Solution

Protecting the Property’s Value using

Caretakers as “eyes & ears” of the owner.

Contents

•Protection by Occupation Explained.

•Process – Building intake and Guardian recruitment.

•Legal Structure.

•Examples of Properties.

•Cost to Owners

Technical Risk

• Water / Leak

• Fire

• Overdue maintenance

• Dilapidation

Economic Risk

• Sale-ability compromised

• Planning/ Development

• Depreciation

Social Risk

• Magnet for trouble

makers

• Lost sense of

community

Protection by Occupation Explained

Live-in Guardians (keyworkers) who permanently

occupy the premises for the time it is vacant

1. Building survey & evaluation

2. Installation of temporary facilities

3. Guardian intake

4. Building management

5. Building handback

Building Intake – The Process

Property Requirements Wind / Water tight, electricity and

cold water.

Change locks (non-copy keys) and

Repair non-secure entrances.

Install refuse containers.

Install mobile shower units.

Install “Camelot Safety Pack” (fire

blanket, extinguisher and smoke

alarm).

Our mobile shower unit

Camelot provides the most cost-effective price to return property to occupiable condition .

Protection by Occupation Explained

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 bedeemed 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

Authorisation Agreement*

Temporary Occupation Licence*

Owner

Guardian

Camelot

* 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.

Camelot Accreditations•NSAI (IS:999) 2004 - PSA Licensed.

•NSAI ISO 9001 - Management Systems.

•BS7984 - Security Key Holding.

•BS7858: 2000 - Security Vetting.

•Irish Senior Legal Opinions on Camelot Contracts

Office Buildings Seeking a BuyerProperty: Office & Warehouse

Guardians: 7

Occupied Since: June 2007.

Owner: Receiver.

Property: Office

Guardians: 5

Occupied Since: May 2006

Owner: Supermarket

Heritage Properties

Property: Boarding School, Rathfarnham

Guardians: 14

Occupied Since: March 2010

Owner: Receiver

Property: Stately Home, Kinsealy

Guardians: 8

Occupied Since: February 2012

Owner: Receiver.

Ghost Estates in receivership

Property: Development, Wexford

Guardians: 4

Occupied Since: January 2011.

Owner: Receiver

Property: Development , Cavan

Guardians: 2

Occupied Since: October 2011

Owner: Receiver

Hotels seeking a buyerProperty: Hotel & Complex

Guardians: 6

Occupied Since: October: 2010.

Owner: Receiver

Property: Hotel

Guardians: 6

Occupied Since: September 2011

Owner: Receiver

Nursing Homes seeking a new use.

Property: Nursing Home, Mayo

Guardians: 4

Occupied Since: September 2012

Owner: Religious Order

Property: Private Hospital, Dublin

Guardians: 13

Occupied Since: June 2012

Owner: Private Owner

Private Residences

Property: Private Home

Guardians: 4

Occupied Since: February 2012

Owner: Private Owner

Property: Private Home

Guardians: 3

Occupied Since: March 2012

Owner: Private Owner

Religious Residential Properties

Property: Convent

Guardians: 6

Occupied Since: September 2012

Owner: Religious Order

Property: Retreat Centre

Guardians: 18

Occupied Since: May 2012

Owner: Religious Order

MyCastle

Secure online access to your property portfolio

Real time view across property portfolio

Effective

EasyEconomic

Comprehensive

Property Care

Clear Financial

Benefits

Totally Flexible

Protection

The Camelot Solution

Cost break-down

plus an intake fee

repairs of smashed windows

new locks

Install / remove shower cabinet and electric

shower

Utility bills

Insurance

2. Cost of making the property habitable e.g.

1. Weekly Management fee: €40 - € 500

3. All outgoings of the premises

.

The Cost SavingsActual Example: Hotel in North East – Insured Value €15m.

IF LEFT VACANT

Insurance Cost (part risk) € 30k pa.

24 Hour security € 125k pa.

Decommission cost € 8k (one off)

Total Costs: € 163k pa.

Annual Costs: € 155k pa

IF OCCUPIED BY CAMELOT

Insurance Cost (all risk) € 15k pa.

Make Ready Costs € 12k (one off)

Management Costs €13k pa.

Total Costs: € 40k 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.