Property Management
Wisconsin's 'Wis. Stat. § 704.07' (building standards in residential tenancies) requires that landlords keep rental units in a condition:
ASuperior to the condition when the tenant moved in
BFit for human habitation by maintaining structural integrity, essential utilities, and habitability standards✓ Correct
CMeeting only the minimum building code standards at time of construction
DAcceptable according to the landlord's personal standards
Explanation
Wisconsin landlords have a statutory duty to maintain rental premises in a condition fit for human habitation — including structural soundness, working utilities, and freedom from health and safety hazards.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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