Wisconsin § 707.32 Termination of contracts and leases of developer.

Wisconsin Statutes

§ 707.32 — Termination of contracts and leases of developer.

Wisconsin § 707.32

Ch. 707Time-share ownership

Subch.subch. III of ch. 707 SUBCHAPTER III

MANAGEMENT OF TIME-SHARE PROPERTY

This text of Wisconsin § 707.32 (Termination of contracts and leases of developer.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 707.32 (2026).

Text

32
32(1) (1) Definition. In this section, “time-share property” does not include a campground.
32(1m) (1m) Authority of the association. The following contracts or leases relating to the time-share property which are entered into before the developer ceases under s. 707.30 (4) (c) to appoint a majority of the board of directors may be terminated without penalty by the association at any time after the developer ceases to appoint a majority of the board of directors, upon not less than 90 days’ notice to the other party to the contract or lease:
32(1m)(a) (a) Any management contract, employment contract, or lease of recreational or parking areas or facilities.
32(1m)(b) (b) Any contract or lease between the managing entity and a developer or an affiliate of a developer.

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707.32
707.32(1) (1) Definition. In this section, “time-share property” does not include a campground.
707.32(1m) (1m) Authority of the association. The following contracts or leases relating to the time-share property which are entered into before the developer ceases under s. 707.30 (4) (c) to appoint a majority of the board of directors may be terminated without penalty by the association at any time after the developer ceases to appoint a majority of the board of directors, upon not less than 90 days’ notice to the other party to the contract or lease:
707.32(1m)(a) (a) Any management contract, employment contract, or lease of recreational or parking areas or facilities.
707.32(1m)(b) (b) Any contract or lease between the managing entity and a developer or an affiliate of a developer.
707.32(1m)(c) (c) Any contract or lease that is not bona fide or was unconscionable to the time-share owners when entered into under the circumstances then prevailing.
707.32(2) (2) Applicability to leases. This section does not apply to a lease if termination of the lease would terminate the time-share property or reduce its size, unless the real estate subject to the lease was included in the time-share property for the purpose of avoiding the right to terminate a lease under this section.
707.32(3) (3) Action by time-share owner. If no association is established under s. 707.30 (2) , any time-share owner, individually or on behalf of the class of time-share owners, may maintain an action under sub. (1m) to terminate a contract or lease of the developer relating to the time-share property.