Wis. Stat. §703.163
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Condominium Ownership Act — Statutory Reserve Account
Provides for a statutory reserve account for condominiums. Associations for condominiums created before November 1, 2004 must establish a reserve account within 18 months of that date (or after declarant control ends), UNLESS the association, with written consent of a majority of unit votes, elects not to establish one. The annual budget must provide for reserve funds if a statutory reserve account exists. The reserve account statement must be recorded with the register of deeds.
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Governance
| Ref | Requirement |
|---|---|
| Associations for condominiums created before November 1, 2004 must establish a reserve account within 18 months of that date (or after declarant control ends), UNLESS the association, with written consent of a majority of unit votes, elects not to establish one. |
Reserves
| Ref | Requirement |
|---|---|
| Provides for a statutory reserve account for condominiums. | |
| The annual budget must provide for reserve funds if a statutory reserve account exists. | |
| The reserve account statement must be recorded with the register of deeds. |
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. §703.161 — Condominium Ownership Act — Annual Budget
- 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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