Wisconsin Code § 411.527

(1) After a default by a lessee under the lease contract of the type described in s. 411.523 (1) or (3) (a) or after the lessor refuses to deliver or takes possession of goods, or, if agreed, after other default
by a lessee, the lessor may dispose of the goods concerned or the
undelivered balance of the goods by lease, sale or otherwise.
(2) Except as otherwise provided with respect to damages liquidated in the lease agreement or otherwise determined pursuant
to agreement of the parties, if the disposition is by lease agreement substantially similar to the original lease agreement and the
new lease agreement is made in good faith and in a commercially
reasonable manner, the lessor may recover from the lessee as
damages accrued and unpaid rent as of the date of the commencement of the term of the new lease agreement, the present value, as
of the same date, of the total rent for the then remaining lease
term of the original lease agreement minus the present value, as
of the same date, of rent under the new lease agreement applicable to that period of the new lease term which is comparable to
the then remaining term of the original lease agreement, and any
incidental damages allowed under s. 411.530, less expenses saved
in consequence of the lessee’s default.
(3) If the lessor’s disposition is by lease agreement that does
not qualify under sub. (2), or is by sale or otherwise, the lessor
may recover from the lessee as if the lessor had elected not to dispose of the goods and s. 411.528 governs.
(4) A subsequent buyer or lessee who buys or leases from the
lessor in good faith for value as a result of a disposition under this
section takes the goods free of the original lease contract and of
any rights of the original lessee even though the lessor fails to
comply with one or more of the requirements of this chapter.
(5) The lessor is not accountable to the lessee for any profit
made on any disposition. A lessee who rightfully rejects or justifiably revokes acceptance shall account to the lessor for any excess over the amount of the lessee’s security interest.

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