reglab/housing_qa huggingface dataset:
WI Stat § 707.36 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.36 - Disposition of surplus funds.

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 payment of or provision for time-share expenses and any prepayment of reserves, shall be paid to the time-share owners in proportion to their time-share liabilities, credited to the owners to reduce their future time-share liabilities or used for any other purpose as the association decides.History:  1987 a. 399.
WI Stat § 707.40 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.40 - Applicability; exemptions.

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 disposition of a time share if the purchaser may cancel at any time and for any reason without penalty. (3) The disposition of a time share in a unit situated wholly outside this state under a contract executed wholly outside this state, if there has been no offering within this state. (4) An offering by a developer of time shares in not more than one time-share unit at any one time. (5) Disposition to one purchaser of a time-share property or all of the time shares in a time-share property. (6) A transaction normal and customary in the hotel and motel business, including but not limited to acceptance of advance reservations, if the person engaging in the transaction operates or owns a motel or hotel substantially engaged in the business of accepting short-term, single reservation contracts with customers who obtain no associated long-term use rights.History:  1987 a. 399.
WI Stat § 707.43 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.43 - Multilocation developer; additional requirements.

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 or other similar procedure, to occupy time-share units in more than one time-share property. (2)  Additional requirements. If time-share owners are permitted or required to participate in a multilocation program, the time-share disclosure statement or a supplement delivered with the statement shall contain or fully and accurately disclose, in addition to the information required by s. 707.41 (4) and, if applicable, ss. 707.42, 707.44 and 707.45, all of the following information:(a) A complete and accurate description of the procedure to qualify for and effectuate use rights in time-share units in the multilocation program.(b) A complete and accurate description of all limitations, restrictions or priorities employed in the operation of the multilocation program, including limitations on reservations, use or entitlement rights based on the season, unit size, levels of occupancy or class of owner, expressed in boldface type, and, if the limitations, restrictions or priorities are not uniformly applied by the multilocation program, a clear description of the manner in which they are applied.(c) Whether use is arranged on a space-available basis and whether the multilocation developer guarantees fulfilling specific requests for use.(d) The name and address of the site of each time-share property included in the multilocation program.(e) The number of time-share units in each time-share property which is available for occupancy and all of the following about each such time-share unit:1. The interest which the multilocation developer has in the time-share unit and, if less than fee ownership, a statement of all relevant terms of the multilocation developer's interest in the time-share unit.2. Whether the time-share unit may be withdrawn from the multilocation program.(f) All of the following information, which shall be independently audited by an independent, certified public accountant or accounting firm in accordance with generally accepted accounting principles:1. The number of time-share owners in the multilocation program.2. For each time-share property in the multilocation program, the number of properly made requests for use of time-share units in the time-share property.3. For each time-share property, the number of time-share owners who received the right to use a unit in the time-share property, expressed as a percentage of the time-share owners who properly requested such use in the time-share property.(g) The following statement in boldface type: THE PERCENTAGE OF TIME-SHARE OWNERS WHO RECEIVED THE RIGHT TO USE A UNIT IN THE TIME-SHARE PROPERTY DOES NOT INDICATE A PURCHASER'S PROBABILITIES OF BEING ABLE TO USE ANY TIME-SHARE UNIT, SINCE AVAILABILITY AT INDIVIDUAL LOCATIONS MAY VARY.History:  1987 a. 399.
WI Stat § 707.44 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.44 - Conversion building; additional requirements.

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 all units in the project, the time-share disclosure statement shall contain, in addition to the information required by s. 707.41 (4) and, if applicable, ss. 707.42, 707.43 and 707.45, all of the following information:(a) A statement by the developer, based on a report prepared by an independent registered architect or engineer, describing the present condition of all structural components and mechanical and electrical installations which are material to the use and enjoyment of the time-share units.(b) A statement by the developer of the expected useful life of each item reported on in par. (a) or a statement that no representations are made in that regard.(c) A list of any outstanding notices of uncorrected violations of building codes or other state and municipal regulations, together with the estimated cost of correcting those violations. (2)  Applicability. This section applies only to units which may be used as a dwelling or for recreational purposes or both.History:  1987 a. 399.
WI Stat § 707.45 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.45 - Amendments to statement.

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 statement to report any material change known to the developer in the information required by s. 707.42, except that:(a) The developer shall report to purchasers any significant change in information required by s. 707.42 (2) (b), (c) and (k) that adversely affects purchasers' interests within 30 days after the change occurs, and if the developer reports the change as required, the developer is not liable to purchasers for any harm resulting because purchasers were not informed earlier of the change.(b) The information required by s. 707.42 (2) (m) to (o) shall be calculated, at a minimum, from the records of the exchange company, as defined in s. 707.42 (1) (a), for each calendar year and shall be available no later than July 1 of the succeeding year. (3) The time-share disclosure statement or any supplement to the statement to report any material change in the information required by s. 707.43, except that the information required by s. 707.43 (2) (d) to (f) shall be calculated, at a minimum, from the records of the multilocation developer, as defined in s. 707.43 (1), for the preceding calendar year and shall be available no later than July 1 of the succeeding year.History:  1987 a. 399.
WI Stat § 707.46 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.46 - Contract; minimum requirements.

707.46  Contract; minimum requirements. (1) Required provisions. All contracts for the purchase of a time share shall contain at least all of the following provisions:(a) The actual date that the contract is executed by each party.(b) The name and address of the developer or seller and of any agent acting on behalf of the developer or seller, and, if different than the developer or seller, any owner of the land or buildings included in the project of which the time shares are a part.(c) The total financial obligation of the purchaser, including the initial purchase price and any additional charges to which the purchaser may be subject, such as financing, reservation and recreation charges and time-share expenses.(d) The projected date of completion of construction, as defined in s. 707.49 (1) (a), of each part of the project of which time shares are a part which is not completed at the time the purchase contract is executed.(e) A description of the nature and duration of the time share being sold.(f) A description of the purchaser's rights under s. 707.47. (2)  Campgrounds; additional provisions. In addition to the information required under sub. (1), a contract for the purchase of a time-share easement in a campground shall include all of the following information:(a) Any policy or other existing obligation to allow persons who are not campground members to use the campground or campground amenities.(b) The maximum ratio of campground contracts projected to be sold per campsite during the course of a campground contract. (3)  Recording. (a) A contract for the purchase of a time-share and any other instrument that is evidence of a purchase of a time-share is valid only if it is recorded.(b) Paragraph (a) does not apply to a contract for, or other instrument evidencing, the purchase of a time-share license. History:  1987 a. 399; 1999 a. 9; 2009 a. 133.
WI Stat § 707.47 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.47 - Purchaser's right to cancel.

707.47  Purchaser's right to cancel. (1) Provision of statement. A person required to deliver a time-share disclosure statement under s. 707.41 (2) shall, before transfer of a time share and no later than the date of any contract for the purchase of a time share, provide a prospective purchaser with a copy of the time-share disclosure statement and all amendments and supplements to the statement. (2)  Right to cancel. If delivery of a time-share disclosure statement is required under s. 707.41 (2), the purchaser may cancel a contract for the purchase of a time share until midnight of the 5th business day after whichever of the following is later:(a) The date that the contract is executed.(b) The date on which the purchaser receives the last of the documents required to be provided to the purchaser under sub. (1). (3)  Activity before cancellation period expires. No title may be recorded, deed delivered or deposit released until the cancellation period under sub. (2) has expired. Nothing in this subsection or sub. (4) precludes the execution of documents before the cancellation period expires, for delivery after the cancellation period expires. (4)  Waiver prohibited. The purchaser or any person on behalf of the purchaser may not waive the right to cancel under sub. (2). (5)  Notice of cancellation. If a purchaser elects to cancel a contract under sub. (2), the purchaser may do so by personally-delivering notice of the cancellation to the seller or by mailing the notice to the developer or to the developer's agent for service of process. If mailed, any notice of cancellation shall be considered given on the date that the notice is postmarked. (6)  Refund. (a) Cancellation under sub. (2) shall be without penalty, and, except as provided in par. (b), all payments made by the purchaser before cancellation shall be refunded within 20 days after receipt of the notice of cancellation or within 5 days after receipt of funds from the purchaser's cleared check, whichever is later.(b) If the purchaser has used or occupied the time-share property for more than 12 hours before cancellation, the funds to be returned to the purchaser may be reduced by a reasonable charge to cover the length of stay plus the cost for damages, if any, to the time-share property directly attributable to the purchaser's use or occupancy of the time share property.History:  1987 a. 399.
WI Stat § 707.48 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.48 - Resales of time shares.

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 purchase of a time share, or otherwise before the transfer of title, a copy of the time-share instrument, other than any plats or plans, and a certificate containing statements disclosing all of the following information:(a) The effect on the proposed transfer of any right of first refusal or other restraint on transfer of all or any portion of the time share.(b) The amount of the periodic time-share liability and any unpaid time-share expense or special assessment or other sums currently due and payable from the seller.(c) Any other fees payable by time-share owners.(d) Any judgments or other matters that are or may become liens against the time share or the time-share unit and the status of any pending suits that may result in those liens. (2)  Managing entity; preparation of certificate.  (a) Except as provided in par. (b), the managing entity, within 10 days after a request by a time-share owner, shall furnish a certificate containing the information necessary to enable the time-share owner to comply with sub. (1).(b) If there is no managing entity, the time-share owner shall furnish the information specified in sub. (1). (3)  Liability; voiding contract.  (a) A purchaser is not liable for any unpaid time-share liability or fee greater than the amount set forth in a certificate prepared under sub. (2).(b) A time-share owner is not liable to a purchaser for the failure or delay of the managing entity to provide the certificate in a timely manner or for any erroneous information provided by the managing entity and included in the certificate, except for information on judgment liens against the time share or the time-share unit.(c) A purchaser may void a purchase contract until the certificate, whether prepared by the managing entity or time-share owner, is provided and for 5 business days after the certificate is provided or until transfer of the time share, whichever occurs first.History:  1987 a. 399.
WI Stat § 707.50 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.50 - Conversion building; tenants' rights.

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 a time-share property which includes all or part of a conversion building, shall give each residential tenant and residential subtenant in possession of the proposed time-share units 120 days' prior written notice of the conversion. The notice shall set forth generally the rights of tenants and subtenants under this section and shall be personally delivered to the unit or mailed to the tenant and subtenant at the address of the unit or any other mailing address provided by a tenant. (1m)  Tenants' rights. (a) A residential tenant or residential subtenant shall not be required to vacate the property during the notice period required under sub. (1) unless the tenancy is properly terminated under s. 704.17 or unless, with respect to a tenancy under a lease, as defined in s. 704.01 (1), the term of the lease expires.(b) The terms of a residential tenancy may not be altered during the notice period required under sub. (1).(c) Failure to give notice as required by this section is a defense to an action for possession. (2)  Notice of termination. If the notice provided under sub. (1) meets the requirements of s. 704.17 or 704.19, whichever may be applicable, and s. 704.21, the notice constitutes both a notice of conversion and notice of termination of tenancy. (3)  Priority of lease. Nothing in this section permits termination of a lease by a developer in violation of the terms of the lease.History:  1987 a. 399.
WI Stat § 707.51 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.51 - Protection of campground interests.

707.51  Protection of campground interests. (1) Increase in dues payments.  (a) Except as provided in par. (b), the total amount of dues payments in any year required to be paid by a campground member may not be increased over the total amount of dues payments required during the previous year by a percentage greater than the percentage increase in the U.S. consumer price index for all urban consumers, U.S. city average, as determined by the U.S. department of labor for the previous year, plus 3 percent.(b) The limit on a dues payment increase provided in par. (a) does not apply if all of the following occur:1. The campground operator proposes an increase greater than the limit.2. The campground operator mails a ballot to each campground member to whom the increase would apply, at the campground member's last-known mailing address.3. A majority of the campground members who return ballots approve the increase. (2)  Use of dues payments. Dues payments may not be used for any purposes other than those stated in the campground contract. (3)  Modification of campground rules.  (a) Except as provided in par. (b), with respect to a campground located in this state, the campground operator may not, in any manner that significantly degrades or diminishes the rights of the majority of campground members, adversely modify any campground rules or regulations or adversely modify rights to or the scope or nature of any campground or campground amenity, unless occasioned by unanticipated emergency circumstances, in which case the modifications may be made for a period not to exceed 90 days.(b) Except as provided in par. (c), a campground operator may modify campground rules or regulations, or rights to or the scope or nature of a campground or campground amenity if all of the following occur:1. The campground operator proposes a modification.2. The campground operator mails a ballot to each campground member to whom the modification would apply, at the campground member's last-known mailing address.3. A majority of the campground members who return ballots approve the modification.(c) A campground operator may not under par. (b) terminate a campground contract or suspend a campground member's right or privilege to use a campground or campground amenities.History:  1987 a. 399.
WI Stat § 707.52 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.52 - Campgrounds; breach by member.

707.52  Campgrounds; breach by member. (1) Termination for breach. A campground operator may not terminate a campground contract because of a campground member's breach of rules or regulations or terms or conditions of the campground contract, other than terms or conditions for installment payments of the purchase price or for dues payments, unless the campground member has been given at least 30 days' prior written notice of the breach and an opportunity within that period to cure the breach, and unless the breach constitutes any of the following:(a) A threat to others or to the property of others.(b) A repeated violation of rules or regulations or terms or conditions, after notice has been given of a previous breach.(c) A public nuisance.(d) An unreasonable infringement upon the rights of other campground members. (2)  Suspension. A campground operator, upon prior written notice, may immediately suspend a campground member's right or privilege to use campgrounds and campground amenities upon a breach of rules or regulations or terms or conditions under sub. (1) (a) to (d) or upon failure to make installment payments of the purchase price or to make dues payments. (3)  Termination; installment payments. A campground operator may not terminate a campground contract because of a campground member's failure to make installment payments of the purchase price unless the campground member has been given at least 30 days' prior written notice of the breach and an opportunity within that period to cure the breach. (4)  Termination; dues payments. A campground operator may not terminate a campground contract because of a campground member's failure to make dues payments unless the default continues for more than 6 months. (5)  Reinstating a campground contract. A campground operator may reinstate a campground contract that was terminated or suspended for failure to make installment payments of the purchase price or dues payments if the campground member pays all delinquent amounts, together with any interest or penalties specified in the campground contract. (6)  No unreasonable forfeiture. The termination of a campground contract because of a campground member's breach may not result in an unreasonable forfeiture of the amount of the purchase price already paid. During the first 5 years after a campground contract is signed, the campground operator may not retain a forfeiture, as the result of a campground member's breach, in an amount which exceeds that portion of the total purchase price which is equal to the percentage of the number of months the campground contract has been in effect during the first 5-year period plus 20 percent of the total purchase price.History:  1987 a. 399.
WI Stat § 707.54 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.54 - Labeling of promotional material.

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 the improvement is conspicuously labeled or identified as “NEED NOT BE BUILT".History:  1987 a. 399.