Camelot Property Management, an European property management company, is currently seeking vacant residential, commercial, and institutional buildings around Dublin 4, which would be turned into temporary homes for ‘guardians’ acting as an alternative to security firm staff.
These tenants-guardians hybrids would pay €300 per month, including utility bills, in the Dublin area. Elsewhere, like Cork and Wexford, this would go down to €150. The property owner then would pay a fee to Camelot, an estimated 10% of the standard security costs, and in return, their property would be occupied and ‘safe’.
Camelot is developing these plans due to two factors: A requirement for additional rented accommodation in the country, and a sharp rise in the number of vacant properties.
But there’s a catch: These guardians do not enjoy tenant rights. They sign a guardian licence, instead of a tenancy agreement, typically running for three months. A four-week notice applies to vacate the premises, if the building is sold.