Wisconsin § 703.16 - Common expenses and common surpluses.
Full text of Wisconsin Wisconsin Statutes § 703.16 — Common expenses and common surpluses., with citation guidance and answers to common questions.
§ 703.16. Common expenses and common surpluses.
703.16(1) (1) Disposition of common surpluses. All common surpluses of the association shall be credited to the unit owners’ assessments for common expenses in proportion to their percentage interests in the common elements or as otherwise provided in the declaration or shall be used for any other purpose as the association decides. 703.16(2) (2) Funds for payment of common expenses obtained by assessments. 703.16(2)(a) (a) Funds for the payment of common expenses and for the creation of reserves for the payment of future common expenses shall be obtained by assessments against the unit owners in proportion to their percentage interests in the common elements or as otherwise provided in the declaration. 703.16(2)(b) (b) During the period of declarant control of the association under s. 703.15 (2) (c) , if any unit owned by the declarant is exempt from assessments for common expenses until the unit is sold, the total amount assessed against units that are not exempt from assessments may not exceed the amount that equals nonexempt units’ budgeted share of common expenses, based on the anticipated common expenses set forth in the annual budget under s. 703.161 (2) (a) . The declarant is liable for the balance of the actual common expenses. 703.16 History History: 1977 c. 407 ; 1991 a. 39 ; 1993 a. 453 ; 1995 a. 224 , 227 ; 1997 a. 27 , 250 ; 1999 a. 185 ; 2003 a. 283 ; 2015 a. 195 s. 83 . 703.16 Note NOTE: 2003 Wis. Act 283 , which affected this section, contains extensive explanatory notes. 703.16 Annotation The definition of “unit” under s. 703.01 (15) encompasses a property on which there is no constructed unit. Aluminium Industries v. Camelot Trails, 194 Wis. 2d 575 , 535 N.W.2d 74 (Ct. App. 1995).
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 703.16
What does Wisconsin Statutes § 703.16 cover?
Section 703.16 ("Common expenses and common surpluses.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 703.16?
A common citation format is "Wisconsin Statutes § 703.16" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 703.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.