AB598,14,117
703.13
(7) (c)
Plats and plans
An addendum showing the boundaries and
8dimensions separating the new units together with their other boundaries and their
9new identifying numbers or letters shall be prepared. The
plats and plans addendum 10shall be certified as to
their its accuracy and compliance with this subsection by a
11professional land surveyor.
AB598,39
12Section
39. 703.13 (7) (d) of the statutes is amended to read:
AB598,14,1913
703.13
(7) (d) After appropriate instruments have been prepared and executed,
14they shall be delivered promptly to the separator upon payment by him or her of all
15reasonable cost for their preparation. Those instruments are effective when the
16separator has executed them and they are recorded
in the name of the separator. The
17recording of the instruments is conclusive evidence that the separation did not
18violate any restrictions or limitation specified by the condominium instruments and
19that any reallocations made under this subsection were reasonable.
AB598,40
20Section 40
. 703.13 (8) (b) of the statutes is amended to read:
AB598,14,2321
703.13
(8) (b) If the unit owners of adjoining units that may be merged desire
22to merge the units, the unit owners, after 30 days' written notice to all other unit
23owners, shall prepare and execute appropriate instruments under this subsection.
AB598,14,25
24(bm) An amendment to the condominium instruments shall
assign do all of the
25following:
AB598,15,2
11. Assign a new identifying number to the new unit created by the merger of
2the units
and shall allocate.
AB598,15,5
32. Allocate to the new unit all of the undivided interest in the common elements
4and rights to use the limited common elements and the votes in the association
5formerly appertaining to the separate units.
The amendment shall reflect
AB598,15,7
63. Reflect an allocation to the new unit of the liability for common expenses and
7rights to common surpluses formerly appertaining to the separate units.
AB598,15,11
8(bp) An amendment
to a declaration under
this paragraph par. (bm) shall be
9adopted either under s. 703.09 (2) or by the written consent of the owners of the units
10to be merged, the mortgagees of those units, if any, and the board of directors of the
11association.
AB598,41
12Section
41. 703.13 (8) (c) of the statutes is amended to read:
AB598,15,1613
703.13
(8) (c)
Plats and plans
An addendum showing the boundaries and
14dimensions of the new unit together with the new identifying number or letter shall
15be prepared. The
plats and plans addendum shall be certified as to
their its accuracy
16and compliance with this subsection by a professional land surveyor.
AB598,42
17Section
42. 703.163 (11) of the statutes is amended to read:
AB598,15,2318
703.163
(11) Recording of statutory reserve account statement. Each
19statutory reserve account statement executed under this section shall bear the name
20of the condominium as it appears on the declaration, shall be prepared in the
21standard format for recorded documents under s. 59.43 (2m)
and (5) (a), shall comply
22with s. 706.05 (2) (a) and (b), and shall be recorded with the register of deeds of the
23county where the condominium instruments are recorded.
AB598,43
24Section
43. 703.165 (3) of the statutes is amended to read:
AB598,16,14
1703.165
(3) Assessments constitute lien. All assessments, until paid,
2together with interest on them and actual costs of collection, constitute a lien on the
3units on which they are assessed, if a statement of lien is filed within 2 years after
4the date the assessment becomes due. The lien is effective against a unit at the time
5the assessment became due regardless of when within the 2-year period it is filed.
6A statement of condominium lien is filed
in the land records of with the clerk of circuit
7court of the county where the unit is located, stating the description of the unit, the
8name of the record owner, the amount due and the period for which the assessment
9was due. The clerk of circuit court shall index the statement of condominium lien
10under the name of the record owner in the judgment and lien docket. The statement
11of condominium lien shall be signed and verified by an officer or agent of the
12association as specified in the bylaws and then may be filed. On full payment of the
13assessment for which the lien is claimed, the unit owner shall be entitled to a
14satisfaction of the lien that may be filed with the clerk of circuit court.
AB598,44
15Section
44. 703.19 (5) of the statutes is amended to read:
AB598,16,2416
703.19
(5) Adjustment of percentage interests following taking; effect of
17taking on votes appurtenant to unit. Following the taking of all or a part of any unit,
18the percentage interests appurtenant to the unit shall be adjusted in proportion as
19provided in the condominium instruments or bylaws. The association promptly shall
20prepare and record an amendment
to the declaration reflecting the new percentage
21interests appurtenant to the unit. Subject to sub. (7), following the taking of part of
22a unit, the votes appurtenant to that unit shall be appurtenant to the remainder of
23that unit, and following the taking of all of a unit, the right to vote appurtenant to
24the unit shall terminate.
AB598,45
25Section
45. 703.26 (2) (intro.) of the statutes is amended to read:
AB598,17,3
1703.26
(2) Conditions to which reservation subject. (intro.) A reservation of
2the right to expand a condominium is subject to
all of the
following conditions
3provided in this subsection.:
AB598,46
4Section
46. 703.26 (2) (a) of the statutes is amended to read:
AB598,17,65
703.26
(2) (a)
A The declaration establishing
a the condominium
shall describe 6describes each parcel of property
which that may be added to the condominium.
AB598,47
7Section
47. 703.26 (2) (b) of the statutes is renumbered 703.26 (2) (b) 1. (intro.)
8and amended to read:
AB598,17,109
703.26
(2) (b) 1. (intro.)
A
The declaration establishing
a the condominium
10shall show the shows all of the following:
AB598,17,12
11a. The maximum number of units
which that may be added
, and the
to the
12condominium.
AB598,17,15
13b. The percentage interests in the common elements, the liabilities for common
14expenses
, and the rights to common surpluses
, and the appurtenant to each unit 15following the addition of property to the condominium.
AB598,17,19
16c. The number of votes appurtenant to each unit following the addition of
17property to the condominium, if added.
The percentage interests in the common
18elements, the liabilities for common expenses and the rights to common surpluses, 19and the number of votes that each unit owner will have
AB598,17,22
202. The information under subd. 1. b. and c. may be shown by reference to a
21formula or other appropriate method of determining them following each expansion
22of the condominium.
AB598,48
23Section
48. 703.26 (2) (c) of the statutes is amended to read: