Mark Rosenbaum was featured in a recent WGN-TV piece covering the ongoing repairs to a high-rise co-op building that was severely damaged in a fire last winter. In the story, Mark highlighted the differences in Illinois law between condominium associations and co-ops, noting that condos are required by statute to maintain casualty (fire) insurance for the full replacement value of the association’s building while co-ops are not bound by any similar statute.
Mark also emphasized that while there is legislation detailing how condos should be run, there is almost no similar legislation for co-ops.
Read the full story here and watch Mark’s interview here.
Mark is a principal at Fischel Kahn, representing condominium and common interest community associations for more than 35 years.
December 20, 2023 | News | Share This