707.37 Assessments for time-share expenses; lien.

115 words·~1 min read·/wi/chapter-707/707-37

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

(1)Liability for assessments.

(a)Until assessments for time-share expenses are made against the time-share owners, the developer shall pay all time-share expenses.

(b)When assessments for time-share expenses are made against the time-share owners, assessments for time-share expenses shall be made at least annually, based on a budget adopted at least annually by the managing entity and in accordance with the allocation set forth in the time-share instrument under s. 707.22

(1). Except as provided in pars.

(c)to

(f), no time-share owner may be excused from payment of his or her share of time-share expenses unless all of the time-share owners are excused from payment.