Wis. Stat. §703.161
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Condominium Ownership Act — Annual Budget
Requires adoption of an annual budget for the condominium. Common expenses must be assessed against unit owners. Budget must include reserve fund contributions if a statutory reserve account exists.
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Governance
| Ref | Requirement |
|---|---|
| Requires adoption of an annual budget for the condominium. | |
| Common expenses must be assessed against unit owners. |
Reserves
| Ref | Requirement |
|---|---|
| Budget must include reserve fund contributions if a statutory reserve account exists. |
Other sections in this chapter
- Wis. Stat. §703.02 — Wisconsin Condominium Ownership Act — Definitions
- Wis. Stat. §703.15 — Condominium Ownership Act — Association of Unit Owners
- Wis. Stat. §703.16 — Condominium Ownership Act — Common Expenses and Common Surpluses
- Wis. Stat. §703.163 — Condominium Ownership Act — Statutory Reserve Account
- Wis. Stat. §703.165 — Condominium Ownership Act — Lien for Unpaid Common Expenses
- Wis. Stat. §703.17 — Condominium Ownership Act — Insurance
- Wis. Stat. §703.20 — Condominium Ownership Act — Association Records; Financial Audits
- Wis. Stat. §703.33 — Condominium Ownership Act — Disclosure Requirements
- Wis. Stat. §703.335 — Condominium Ownership Act — Payoff Statement
- Wis. Stat. §703.365 — Condominium Ownership Act — Small Condominiums
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Legal references last verified April 15, 2026.
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