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:
AB598,18,224
703.26
(2) (c)
A condominium
The plat for
an the original condominium
shall
25include, in general terms, includes the outlines of the land
, and, in general terms, the
1location of the buildings
, and common elements of new property that may be added
2to the condominium.
AB598,49
3Section 49
. 703.26 (2) (d) of the statutes is amended to read:
AB598,18,64
703.26
(2) (d)
In a declaration establishing a condominium, a The right to
5expand the condominium
may be is reserved in the declaration for a period not
6exceeding 10 years from the date of recording of the declaration.
AB598,50
7Section
50. 703.26 (3) of the statutes is amended to read:
AB598,18,108
703.26
(3) Recordation of Recording amendments to declaration and plat
9addenda. (a) If the conditions of sub. (2) are
complied with met, property may be
10added to a condominium if the declarant records
an
all of the following:
AB598,18,13
111. An amendment
to the declaration, showing that shows the new percentage
12interests of the unit owners
, and the votes
which that each unit owner may cast in
13the condominium as expanded
, and records an.