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Wis. Stat. § 703.03

Application of chapter

Known as the Condominium Ownership Act

The act spans §§ 703–703 (56 sections).

Applied in 1 court decision — leading case Kaitlin Woods Condominium Ass'n v. North Shore Bank, FSB (2013)

Most recently applied in Kaitlin Woods Condominium Ass'n v. North Shore Bank, FSB (November 2013)

1977 c. 407.

This chapter applies only to property, a sole owner or all of the owners of which submit the property to the provisions of this chapter by duly executing and recording a declaration as provided in this chapter. Master-planned communities are not part of the purpose behind this chapter’s promulgation. Master-planned communities are an entirely different type and level of development than condominiums. A condominium is a multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to the individual unit purchased and sharing in joint ownership of any common grounds or passageways. A master-planned community is a private quasi-town that may include different types of homes, including condominiums, commercial property, private streets and parks, and other recreational facilities. Just because a master-planned community has condominiums as part of the plan, a covenant governing the community is not subject to this chapter. Solowicz v. Forward Geneva National, 2010 WI 20, 323 Wis. 2d 556, 780 N.W.2d 111, 08-0010.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.