AB598,10
8Section
10. 703.08 (2) (intro.), (a) and (b) of the statutes are consolidated,
9renumbered 703.08 (2) and amended to read:
AB598,6,1310
703.08
(2) A tenant may not be required to vacate the property during the
11120-day period immediately following the date of delivery of the notice required
12under sub. (1)
except for: (a) Violation of
unless the tenant violates a covenant in the
13lease
; or
(b) Nonpayment of
fails to pay rent.
AB598,11
14Section
11. 703.09 (1) (title) of the statutes is created to read:
AB598,6,1515
703.09
(1) (title)
Requirements.
AB598,12
16Section 12
. 703.09 (1b) of the statutes is created to read:
AB598,6,2017
703.09
(1b) Declarant rights after period of declarant control;
18prohibition. A condominium declaration may not provide a declarant with a right
19in the association of unit owners after the period of declarant control ends under s.
20703.15 (2) (c) if the right is not granted to unit owners who are not the declarant.
AB598,13
21Section
13. 703.09 (1c) (title) of the statutes is created to read:
AB598,6,2222
703.09
(1c) (title)
Consent of property owners and mortgagees; declaration.
AB598,14
23Section
14. 703.09 (2) of the statutes is amended to read:
AB598,7,1124
703.09
(2) Amendment. Except as provided in sub. (4) and ss. 703.093, 703.13
25(6) (c)
, (cm), and (d)
, (7) (b) and (bm), and (8) (b)
, (bm), and (bp), and 703.26, a
1condominium declaration may be amended with the written consent of at least
2two-thirds of the aggregate of the votes established under sub. (1) (f) or a greater
3percentage if provided in the declaration. An amendment becomes effective when
4it is recorded
in the same manner as the declaration.
The document submitting the
5amendment for recording shall state that the required consents and approvals for the
6amendment were received. Except as provided in sub. (2m), a unit owner's written
7consent is not effective unless it is approved in writing by the first mortgagee of the
8unit, or the holder of an equivalent security interest, if any. Approval from the first
9mortgage lender or equivalent security interest holder, or the person servicing the
10first mortgage loan or its equivalent on a unit, constitutes approval of the first
11mortgagee or equivalent security interest holder under this subsection.
AB598,15
12Section
15. 703.09 (2m) (title) of the statutes is created to read:
AB598,7,1313
703.09
(2m) (title)
Consent of unit owners and mortgagees; amendments.
AB598,16
14Section
16. 703.09 (3) (title) of the statutes is created to read:
AB598,7,1515
703.09
(3) (title)
Compensation for reduction in value; amendments.
AB598,17
16Section
17. 703.09 (4) of the statutes is amended to read:
AB598,7,2217
703.09
(4) Assignment of declarant's interest. A declarant may assign his or
18her rights and obligations as a declarant under this chapter by recording an
19amendment
to the declaration that includes the assignment and an acceptance of the
20assignment that is signed by the assignee and acknowledged. A declarant may not
21assign under this subsection less than all of his or her rights and obligations as a
22declarant under this chapter.
AB598,18
23Section 18
. 703.093 (1) of the statutes is amended to read:
AB598,8,524
703.093
(1) As an alternative to s. 703.09 (2), a condominium declaration may
25be amended under this section if at least two-thirds of the aggregate of the votes
1established under s. 703.09 (1) (f), or a greater percentage if provided in the
2declaration, consent to the amendment in writing and those consents are approved
3by the mortgagees or holders of equivalent security interests in the units. An
4amendment becomes effective when it is recorded
in the same manner as the
5declaration.
AB598,19
6Section
19. 703.093 (7) of the statutes is amended to read:
AB598,8,117
703.093
(7) Any person acquiring a mortgage or equivalent security interest
8on a unit after the affidavit is recorded under sub. (2) may notify the association in
9writing of the mortgage or equivalent security interest lien, identifying the unit on
10which it holds a lien, and signify its approval of or objection to the proposed
11amendment
to the declaration.
AB598,20
12Section
20. 703.095 of the statutes is renumbered 703.095 (1) and amended
13to read:
AB598,8,1714
703.095
(1) Modifications. A recorded condominium instrument, amendment,
15or addendum may
only be modified
only by recording an amendment, addendum, or
16correction instrument, or by removal from the provisions of this chapter under s.
17703.28 (1).
AB598,8,20
18(2) Requirements. The register of deeds may
not record an amendment,
19addendum, or correction instrument
only if
it does not refer the document complies
20with s. 703.065, if applicable, and satisfies all of the following criteria:
AB598,8,25
21(a) It refers to the condominium instrument, amendment, or addendum being
22modified or corrected, including the document number
assigned to the document
23being modified, and
may not record an amendment or addendum unless it if volume
24and page numbers are assigned to the document being modified or corrected, the
25volume and page where the document is recorded.
AB598,9,3
1(b) It is numbered consecutively or states that it is an amendment and
2restatement of the condominium instrument being modified or corrected
, bears the
3name of the condominium as it appears in the declaration, and identifies
.
AB598,9,4
4(c) Identifies all units in the condominium.
AB598,21
5Section
21. 703.095 (2) (d) of the statutes is created to read:
AB598,9,76
703.095
(2) (d) Clearly states the changes being made to the condominium
7instrument, amendment, or addendum it is modifying or correcting.
AB598,22
8Section
22. 703.095 (3) of the statutes is created to read: