Last Saturday, the annual general meeting of the Park Albatros Resort — also known as Royal Park Albatros or Parque Albatros — owners' community in Golf del Sur, Tenerife took place. The meeting delivered several important updates: the 2025 budget closed with a €68,000 surplus, a new community president was elected, owners can now purchase a third universal access chip for €30, and significant progress was made in recovering outstanding debts.
All voting was conducted transparently. Each participant stated the apartment numbers they were voting on behalf of and had to provide proof of ownership or present a valid power of attorney.
This procedure ensured that the meeting's outcomes accurately reflected the will of the owners.
One of the main agenda items was the presentation and approval of the 2026 budget. The property management company GAE explained each line item in detail and justified the proposed expenditure.
On a positive note, actual expenses for 2025 came in approximately €15,000 below the original budget.
Staff and wage costs:
Why external contractors are preferred: The meeting noted that although external companies may sometimes be slightly more expensive, they remove many of the risks and costs associated with permanent employees, such as social contributions, legal disputes and termination expenses. In the long term, this model is more efficient for the community.
Long-term sick employee: The community is currently handling a sensitive employment matter involving a worker on long-term sick leave. Terminating the contract could lead to high costs, so a practical and legally acceptable solution is still being discussed. The current cost is estimated at €6,000–€8,000 per year.
Community space used by Yvonne: Another point of discussion concerned the use of a community space near the children's area by coordinator Yvonne. The lawyer present at the meeting confirmed that community spaces remain under the authority of the owners' community, and their use is decided exclusively by the owners. The space remains community property and serves owners directly through meetings, key handovers and administrative support.
The 2026 budget was approved by majority vote, and community fees remain unchanged for now.
Management also provided an update on the recovery of outstanding debts. The process is straightforward: debtors are first offered a repayment plan and, if no agreement is reached, the case proceeds to court.
In several cases, legal action has already been initiated and court proceedings are underway. Enforcement measures may follow where necessary.
A particularly positive development was the successful communication with the largest debtor, MUTHU, which subsequently paid its debt in full. Combined with sound financial management, this contributed to a €68,000 surplus for 2025.
Two candidates ran for the role of community president: Ábel and Stuart. Both had circulated their programmes to owners in advance and presented their plans during the meeting.
President: Stuart
Vice President: Boglárka
The exact voting percentages and the full committee composition will appear in the official meeting minutes.
Each apartment currently has 2 universal access chips (external entrances + pool) and 2 chips for the exterior doors.
The community approved the option to purchase a third universal chip for €30.
The community approved consent for Vivienda Vacacional tourist rental licences for the apartments that applied.
An important condition applies: owners with outstanding debts towards the community will not receive this consent until their obligations have been settled in full.
The meeting also discussed potential motorcycle parking within the resort. Suitable locations will be reviewed and, if feasible, a locked motorcycle parking area may be created.
A proposal was also made to provide secure storage for bicycles and wheelchairs within the community area. This option will be examined further.
This year's annual meeting delivered several positive outcomes. Stable financial management, real progress in debt recovery, and practical decisions aimed at improving the resort provide a solid basis for the continued development of Park Albatros.
The official meeting minutes will be sent to owners shortly. Any questions can be directed to the community management.
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