703.093 Alternative procedure for amending declaration.

202 words·~1 min read·/wi/chapter-703/703-093-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)As an alternative to s. 703.09

(2), a condominium declaration may be amended under this section if at least two-thirds of the aggregate of the votes established under s. 703.09

(f), or a greater percentage if provided in the declaration, consent to the amendment in writing and those consents are approved by the mortgagees or holders of equivalent security interests in the units. An amendment becomes effective when it is recorded.

(2)The association has 180 days to secure the required consents and approvals under this section, commencing with the recording of an affidavit with the register of deeds of the county in which the condominium is located. The affidavit shall do all of the following:

(a)Set forth the text of the proposed amendment.

(b)Provide the name and address of the senior executive officer of the association to whom inquiries should be directed with regard to the proposed amendment.

(c)State that a notice was sent to each owner of record and each lender of record for each unit of the association on the date the affidavit is recorded.

(d)Be signed by the senior executive officer of the association.