Wis. Stat. §703.33
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Condominium Ownership Act — Disclosure Requirements
Requires disclosure of specified information in connection with the sale of a condominium unit. Disclosures must address financial status, reserve accounts, insurance, pending litigation, and other material matters. The association must provide the information necessary for disclosure compliance.
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Statutory Text
Verified Aug 5, 2026 · OTHER
Wisconsin Legislature: 703.33 Home Documents Senate Assembly Committees Service Agencies Docs Options Help 2025 Biennium Statutes Admin. Rules Indices Miscellaneous Archives Home Bill, Rule, and Appointment Histories Senators Representatives Committees Text of Introduced Proposals Amendment Text Acts Veto Messages Enrolled Bills Votes Assembly and Senate Floor Calendars Schedule of Committee Activities Assembly and Senate Journals Committee Records (ROCPs) Legislative Rules All Session-Related Documents Subject Index to Acts Subject Index to Legislation Subject Index to Journals Author Index to Legislation Subject Index to Clearinghouse Rules Miscellaneous Budget Documents Executive Orders Rulings of the Chair Wisconsin Supreme Court Rules Opinions of the Attorney General Town Law Forms Law Districts Session Drafting Files Feeds Preferences Show tree Hide tree Feedback Help Home Senate Home Senators Committees Session Chief Clerk Sergeant at Arms Civics Education Human Resources Assembly Home Representatives Committees Session Chief Clerk Sergeant at Arms Human Resources Schedule Joint Senate Assembly Study Legislative Audit Bureau Legislative Council Legislative Fiscal Bureau Legislative Human Resources Office Legislative Reference Bureau Legislative Technology Services Bureau Up Up 703.30(5) (5) Instruments construed together. Condominium instruments shall be construed together and are determined to incorporate one another to the extent that any requirement of this chapter applying to one instrument is satisfied if the deficiency can be corrected by reference to any of the others. 703.30 History History: 1977 c. 407 ; 2021 a. 168 . 703.30 Annotation The application of this section is limited to the condominium status of the property and title of the unit owners. It does not apply to a project’s status as an expanding condominium under s. 703.26. Rock Lake Estates Unit Owners Ass’n v. Town of Lake Mills, 195 Wis. 2d 348 , 536 N.W.2d 415 (Ct. App. 1995), 94-2488 . 703.31 703.31 Personal application. 703.31(1) (1) All unit owners, tenants of the owners, employees of owners and tenants or any other persons that in any manner use property or any part thereof subject to this chapter shall be subject to this chapter and to the declaration and bylaws of the association adopted under this chapter. 703.31(2) (2) All agreements, decisions and determinations lawfully made by an association in accordance with the voting percentages established in this chapter, declaration or bylaws, shall be deemed to be binding on all unit owners. 703.31 History History: 1977 c. 407 . 703.315 703.315 Lease or rental agreements for residential units. 703.315(1) (1) Definitions. In this section: 703.315(1)(a) (a) “Condominium rental agreement” means an agreement, whether oral or written, for the rental or lease of a residential condominium unit by the same tenant for a period of more than one month. 703.315(1)(b) (b) “Tenant” means any of the following: 703.315(1)(b)1. 1. A person occupying or entitled to present or future occupancy of a residential condominium unit under a condominium rental agreement. 703.315(1)(b)2. 2. A periodic tenant, as defined in s. 704.01 (2) , of a residential condominium unit that pays rent on a month-to-month or greater recurring interval of time. 703.315(1)(c) (c) “Unit owner” means the …
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Disclosure
| Ref | Requirement |
|---|---|
| Requires disclosure of specified information in connection with the sale of a condominium unit. | |
| The association must provide the information necessary for disclosure compliance. |
Reserves
| Ref | Requirement |
|---|---|
| Disclosures must address financial status, reserve accounts, insurance, pending litigation, and other material matters. |
Other sections in this chapter
- Wis. Stat. §703.02 — Wisconsin Condominium Ownership Act — Definitions
- Wis. Stat. §703.15 — Condominium Ownership Act — Association of Unit Owners
- Wis. Stat. §703.16 — Condominium Ownership Act — Common Expenses and Common Surpluses
- Wis. Stat. §703.161 — Condominium Ownership Act — Annual Budget
- Wis. Stat. §703.163 — Condominium Ownership Act — Statutory Reserve Account
- Wis. Stat. §703.165 — Condominium Ownership Act — Lien for Unpaid Common Expenses
- Wis. Stat. §703.17 — Condominium Ownership Act — Insurance
- Wis. Stat. §703.20 — Condominium Ownership Act — Association Records; Financial Audits
- Wis. Stat. §703.335 — Condominium Ownership Act — Payoff Statement
- Wis. Stat. §703.365 — Condominium Ownership Act — Small Condominiums
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Legal references last verified April 15, 2026.
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