Wisconsin Statutes
Wis. Stat. § 707.03 (2026)
Status of time-share estates
✓ current as of July 2026
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707.03(1)(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.
707.03(2)(2) Each time-share estate constitutes for all purposes a separate estate in real property.
707.03 AnnotationA contract to purchase a time-share creates an interest in real estate, which, under s. 706.02 (1) must be signed by or on behalf of the grantor in order to be valid. Section 707.46 (1) (a) requires a time-share purchase contract to contain the actual date that the contract is executed by each party, which means that a valid time-share purchase contract must include the signature of both parties. Irrespective of any statutory right to cancel a valid contract, a party to an invalid contract may, under the common law, have it rescinded and be restored to the status quo. Ott v. Peppertree Resort Villas, Inc. 2006 WI App 77, 292 Wis. 2d 173, 716 N.W.2d 127, 04-1226.
Notes of Decisions
Cited in 3
cases, 1998–2006 · leading case: Hartman v. Meridian Fin. Servs., Inc., 191 F. Supp. 2d 1031 (W.D. Wis. 2002).
Hartman v. Meridian Fin. Servs., Inc., 191 F. Supp. 2d 1031 (W.D. Wis. 2002). “) Second, under Wisconsin law, a “time-share estate” is defined as “[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,” Wis.Stat. § 707.03(1), and that “[e]ach time-share…”
Telemark Dev., Inc. v. Dep't of Revenue, 581 N.W.2d 585 (Wis. Ct. App. 1998). “, to change time-shares into something else for purposes of sales taxation, it should have amended § 707.03. We agree with the department that the appropriate response to that argument is that the legislature expressly included "the furnishing of rooms or lodging through the…”
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77 (Wis. Ct. App. 2006). “A contract to purchase a time-share creates an interest in real estate, see Wis. Stat. § 707.03 (2), which, under Wis.”
— Wis. Stat. § 707.03(1) — 1 case
Hartman v. Meridian Fin. Servs., Inc., 191 F. Supp. 2d 1031 (W.D. Wis. 2002). “) Second, under Wisconsin law, a “time-share estate” is defined as “[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,” Wis.Stat. § 707.03(1), and that “[e]ach time-share…”
— Wis. Stat. § 707.03(2) — 3 cases
Hartman v. Meridian Fin. Servs., Inc., 191 F. Supp. 2d 1031 (W.D. Wis. 2002). “) Second, under Wisconsin law, a “time-share estate” is defined as “[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,” Wis.Stat. § 707.03(1), and that “[e]ach time-share…”
Telemark Dev., Inc. v. Dep't of Revenue, 581 N.W.2d 585 (Wis. Ct. App. 1998). “, to change time-shares into something else for purposes of sales taxation, it should have amended § 707.03. We agree with the department that the appropriate response to that argument is that the legislature expressly included "the furnishing of rooms or lodging through the…”
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77 (Wis. Ct. App. 2006). “A contract to purchase a time-share creates an interest in real estate, see Wis. Stat. § 707.03 (2), which, under Wis.”
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