Wisconsin Timeshare Contract (Sale by Developer) is a contract that outlines the terms and conditions between a timeshare developer and a buyer. It includes the purchase price, ownership rights, maintenance fees, and other details of the timeshare agreement. The contract is legally binding and serves as a record of all parties’ agreement. There are two types of Wisconsin Timeshare Contracts (Sale by Developer): a Deed in Lieu of Foreclosure, and a Deed of Sale. A Deed in Lieu of Foreclosure allows the developer to assume ownership of the timeshare property when the buyer defaults on their payments. A Deed of Sale transfers ownership of the timeshare from the developer to the buyer. Both types of contracts must be signed by the buyer and the developer.