
Co-ownership at the Los Azahares complex has operated very successfully for a number of years and there are approximately 50 families who now participate as co-owners. The properties are well maintained throughout the year by a local family outfit, Mojacar Holiday Services, who work under the direct supervision of the UK Board of Directors who are themselves all co-owners. Each year, the directors prepare an expenditure budget for the forthcoming year and this is presented to all co-owners at an Annual General Meeting for approval. The co-owners then pay an annual maintenance fee to cover this expenditure. The present structure of the maintenance fee is that there is a basic charge of £285 per month owned. Some people may not use their villa in a given year but for those who do there is a further charge of £75 for low season months (November to March), £140 for midseason months (April & October) or £205 for the remaining months. (You are free to allow other people to use your month if you wish.) The process of acquiring a unit is really very simple. Once you have decided which month or months you require, you will be supplied with a simple set of standard contract documentation to complete and return with your cheque.
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