{"data":{"id":"us-wi/wis.-stat.-707.32","jurisdiction":"us-wi","citation":"Wis. Stat. § 707.32","heading":"Termination of contracts and leases of developer.","body":"(1) Definition. In this section, “time-share property” does not include a campground.\n(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:\n(a) Any management contract, employment contract, or lease of recreational or parking areas or facilities.\n(b) Any contract or lease between the managing entity and a developer or an affiliate of a developer.\n(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.\n(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.\n(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.","path":["Chs. 700-711, Property","Chapter 707 Time-Share Ownership","SUBCHAPTER III MANAGEMENT OF TIME-SHARE PROPERTY"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/707.32","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:35Z","sha256":"a5449a5b2923c561f364d22e84d9fdea225353f60ea13d4ae7a18d781a3e9e28","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-707.31","next":"us-wi/wis.-stat.-707.33"},"notice":"GroundRules: Original legal text. Not legal advice."}