707.03 Status of time-share estates.
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/wi/chapter-707/707-03A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
707.03 Status of time-share estates.
(1)A grant of an estate in a unit conferring the right of possession during a potentially infinite number of separated periods creates a fee simple absolute interest, and a grant of an estate in a unit conferring the right of possession during 4 or more separated periods over a finite number of years equal to at least 4, including renewal options, creates an interest for years.
(2)Each time-share estate constitutes for all purposes a separate estate in real property.