Wisconsin Statutes 707.03 – Status of time-share estates
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 707.03
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
(1) A grant of an estate in a unit conferring the right of possession during a potentially infinite number of separated periods creates a fee simple absolute interest, and a grant of an estate in a unit conferring the right of possession during 4 or more separated periods over a finite number of years equal to at least 4, including renewal options, creates an interest for years.
(2) Each time-share estate constitutes for all purposes a separate estate in real property.