Annual Owners’ Meeting at Park Albatros Resort – What Was Discussed and Decided

Last Saturday, the annual meeting of the owners’ community of Парк Альбатрос Резорт in Golf del Sur, Tenerife took place. The meeting brought several important updates: the 2025 budget ended with a €68,000 surplus, a new community president was elected, owners can now purchase a third universal access chip for €30, and the community made significant progress in recovering outstanding debts.

1. Voting Process

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 process ensured that the results of the meeting accurately reflected the will of the owners.

2. Budget for 2026 – Approved

One of the main agenda items was the presentation and approval of the 2026 budget. The property management company GAE explained each budget item in detail and justified the proposed expenses.

A positive result was that actual expenses for 2025 were approximately €15,000 lower than originally budgeted.

Staff and wage costs:

• Spain’s minimum wage increased by 3.4%, representing an increase of approximately €220 per employee.
• The resort is currently maintained by 6 workers in total.
• 3 are full-time employees (green shirts).
• 3 are external contractors (orange shirts).

Why external contractors are preferred: It was explained during the meeting that although external companies may sometimes be slightly more expensive, they eliminate many risks and costs linked to permanent employees, such as social contributions, legal disputes, and termination-related costs. In the long term, this model is more efficient for the community.

Long-term sick employee: The community is currently dealing with a sensitive employment matter involving a worker on long-term sick leave. Terminating the contract could lead to high costs for the community, 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 for Yvonne: Another point of discussion concerned the use of a community space near the children’s area by the 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.

3. Debt Recovery

The 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. Together with sound financial management, this contributed to a €68,000 surplus for 2025.

4. Election of the President and Committee

Two candidates ran for the position of community president: Ábel и Stuart. Both had presented their programmes to the owners in advance and introduced their plans during the meeting.

President: Stuart

Vice President: Boglárka

The exact voting percentages and full committee composition will be included in the official meeting minutes.

5. Third Access Chip for Each Apartment

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.

6. Vivienda Vacacional Licences

The community approved consent for Vivienda Vacacional tourist rental licences for apartments that applied.

However, an important condition applies: owners with outstanding debts towards the community will not receive this consent until their obligations have been fully settled.

7. Motorcycle Parking and Bicycle Storage

The community also discussed possible 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 create a secure storage space for bicycles and wheelchairs within the community area. This option will be reviewed further.

Заключение

This year’s annual meeting delivered several positive outcomes. Stable financial management, 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.