Chapter 707 — TIME-SHARE OWNERSHIP

707.02 Definitions. In this chapter: (1) “Affiliate of a developer” means any person who controls, is controlled by or is under common control with a developer. (2) “Association” means the association organized under s. 707.30 (2). (4) “Campground” means real property that is ava…

707.03 Status of time-share estates. (1) A grant of an estate in a unit conferring the right of possession during a potentially infinite number of separated periods creates a fee simple absolute interest, and a grant of an estate in a unit conferring the right of possession durin…

707.05 Variation by agreement. Except as otherwise provided in this chapter, the provisions of this chapter may not be varied by agreement, and rights conferred under this chapter may not be waived. A developer may not act under a power of attorney, or use any other device, to ev…

707.06 Unconscionable contract. (1) UNCONSCIONABILITY; REMEDY. If a court as a matter of law finds that any aspect of a contract relating to the use or ownership of a time share, any conduct directed against the purchaser by a party to the contract, or any result of the contract …

707.07 Obligation of good faith. Every contract or duty within this chapter imposes an obligation of good faith in its performance or enforcement. History: 1987 a. 399.

707.09 Conflicts with other laws. If a conflict exists between this chapter and ch. 703, the provisions of this chapter prevail. History: 1987 a. 399.

707.10 Zoning and other regulation of time-share projects. (1) LIMITATIONS; LAND USE REGULATION. No zoning or other land use ordinance or regulation may prohibit timeshare projects or impose any requirements upon a time-share project which it does not impose upon a physically ide…

707.11 Securities law; applicability. A time share created and marketed in accordance with this chapter is not a security under ch. 551 if a developer complies with ss. 707.38 (1m) and 707.49. History: 1987 a. 399. SUBCHAPTER II CREATION, TERMINATION AND INCIDENTS OF TIMESHARE OW…

707.20 Time shares in projects.

707.21 Time-share instrument.

707.215 Project and time-share property plat.

707.22 Allocation of time-share liability and voting rights.

707.23 Partition.

707.24 Termination of time shares.

707.25 Use for sales purposes.

707.26 Rights of secured lenders.

707.28 Foreclosure of time-share estates and licenses. SUBCHAPTER III MANAGEMENT OF TIME-SHARE PROPERTY

707.30 Managing entity; association of unit owners.

707.31 Transfer of special developer rights.

707.32 Termination of contracts and leases of developer.

707.33 Upkeep of units. SUBCHAPTER I GENERAL PROVISIONS

707.34 Tort and contract liability. (1) ACTIONS AGAINST DEVELOPER AND THE ASSOCIATION. (a) An action in tort alleging a wrong done by a developer or a manager selected by the developer, or an agent or employee of either, in connection with any portion of the time-share property o…

707.35 Insurance; repair or replacement of damaged property. (1) REQUIRED INSURANCE. Beginning not later than when a developer offers a time share for sale in a time-share property in which the number of time shares exceeds 12, the managing entity shall maintain all of the follow…

707.36 Disposition of surplus funds. Unless otherwise provided in the time-share instrument, any surplus funds derived from the time-share owners or from property belonging to the time-share owners or their association and held by a managing entity, which are remaining after paym…

707.37 Assessments for time-share expenses; lien. (1) LIABILITY FOR ASSESSMENTS. (a) Until assessments for time-share expenses are made against the time-share owners, the developer shall pay all time-share expenses. (b) When assessments for time-share expenses are made against th…

707.38 Blanket encumbrances; liens. (1) DEFINITION. In this section, “blanket encumbrance” means any mortgage, lien or other interest which secures or evidences an obligation to pay money or to convey or otherwise dispose of all or any part of a time-share property, affects the t…

707.39 (5) or (6) which is recorded after June 1, 1988, may not permit the creation of time shares unless the owner of each unit in the project, and the record owners of liens on each unit in the project, consent to the amendment. History: 1987 a. 399. 707.21 Time-share instrumen…

707.40 Applicability; exemptions. This subchapter applies to all time shares subject to this chapter, except that ss.

707.41 to 707.45 and 707.48 do not apply to any of the following: (1) The disposition of a time share in any of the following circumstances: (a) By gift. (b) By court order. (c) By a government or governmental agency. (d) By foreclosure or deed in lieu of foreclosure. (2) The dis…

707.42 Exchange or reciprocal program; additional requirements. (1) DEFINITIONS. In this section: (a) “Exchange company” means a person operating an exchange program. (b) “Exchange program” means an arrangement where timeshare owners exchange occupancy rights among themselves or …

707.43 Multilocation developer; additional requirements. (1) DEFINITION. As used in this section, “multilocation developer” means a developer creating or selling its own time shares in more than one time-share property under a program permitting time-share owners, by reservation …

707.44 Conversion building; additional requirements. (1) ADDITIONAL REQUIREMENTS. If a conversion building includes or will include one or more time-share units, is more than 10 years old and the developer or any affiliates of the developer own or control more than 50 percent of …

707.45 Amendments to statement. A developer shall promptly amend all of the following: (1) The time-share disclosure statement to report any material change in the information required by s. 707.41 or 707.44. (2) The time-share disclosure statement or any supplement to the statem…

707.47 and 707.57 for any false or misleading statement set forth May 22, 2026, are designated by NOTES. (Published 5-22-26) 15 Updated 23-24 Wis. Stats. in, or any omission of material fact from, that portion of the timeshare disclosure statement which the person prepared. (4) C…

707.48 Resales of time shares. (1) REQUIRED DISCLOSURES. Except as provided in s. 707.40 or except where delivery of a time-share disclosure statement is required under s. 707.41 (2), a seller of a time share shall furnish to the purchaser before execution of any contract for the…

707.49 (3) (b) 3. have occurred or any later time specified in the contract to purchase the time share, and that the full amount of the deposit, minus any amount that may be withheld under s. 707.47 (6) (b), will be returned to the purchaser if the purchaser cancels the contract …

707.50 Conversion building; tenants’ rights. (1) NOTICE OF CONVERSION. A developer of a time-share property which includes all or part of a conversion building, and any person in the business of selling real estate for the person’s own account who intends to offer time shares in …

707.53 Warranties. (1) EXPRESS WARRANTIES OF QUALITY. (a) Express warranties made by any seller of a time share to a purchaser, if relied upon by the purchaser, are created as follows: 1. Any affirmation of fact or promise which relates to the time share, the time-share unit, rig…

707.54 Labeling of promotional material. If any improvement in the time-share property is not required to be built, no promotional material may be displayed or delivered to prospective purchasers which describes or portrays that improvement unless the description or portrayal of …

707.55 Prohibited advertising and sales practices. In connection with the offer or sale of a time share, no person may engage in any of the following practices: (1) FALSE OR MISLEADING STATEMENTS. Making any assertion, representation or statement of material fact that is false, d…

707.56 Developer’s obligation to complete improvements. The developer shall complete all promised improvements as described in the time-share instrument, promotional materials, advertising and the time-share disclosure statements. The developer shall be excused for the period or …

707.57 Remedies and penalties. (1) PRIVATE REMEDIES. (a) If a developer or any other person subject to this chapter fails to comply with this chapter or the time-share instrument, any person or class of persons adversely affected by the failure to comply has a claim for appropria…

707.58 Applicability to existing time shares. (1) This chapter applies to all time shares created in units within this state on or after June 1, 1988, and to time shares created before June 1, 1988, as provided in subs. (2) to (12). (2) Sections 707.03, 707.30 (5) (a) 1. to 9. an…

707.59 Time-share units not within state. (1) Except as provided in sub. (2), if time shares in a time-share unit located outside of this state are offered or sold in this state, the laws of the state where the time-share unit is located which relate to a general matter covered b…