--- doc_id: playbooks/seller/local-law-11-fisp-compliance-status-and-its-effect-on-sale-timing url: /docs/playbooks/seller/local-law-11-fisp-compliance-status-and-its-effect-on-sale-timing title: Local Law 11 (FISP) Compliance Status and Its Effect on Sale Timing description: unknown jurisdiction: unknown audience: unknown topic_cluster: unknown last_updated: unknown --- # Local Law 11 (FISP) Compliance Status and Its Effect on Sale Timing (/docs/playbooks/seller/local-law-11-fisp-compliance-status-and-its-effect-on-sale-timing) Article 84: Local Law 11 (FISP) Compliance Status and Its Effect on Sale Timing [#article-84-local-law-11-fisp-compliance-status-and-its-effect-on-sale-timing] SECTION: Seller Operator Playbook JURISDICTION: New York City AUDIENCE: Seller, Listing Agent, Brokerage Operator *** Executive Thesis [#executive-thesis] Local Law 11 (now FISP — Facade Inspection and Safety Program) requires buildings taller than six stories to have their exterior walls and appurtenances inspected every five years by a licensed professional. Buildings with "unsafe" findings must complete remediation within specified timeframes. FISP status directly affects seller strategy: a building with an upcoming FISP cycle, an active "unsafe" designation, or pending facade remediation costs creates buyer objections related to potential special assessments and construction disruption. Sellers must understand their building's FISP status before listing. Operational Framework: FISP Status Categories [#operational-framework-fisp-status-categories] **Safe:** The facade has been inspected and found to have no unsafe conditions. No remediation required. This is the optimal status for sellers — it signals that no near-term facade assessment is likely. **Safe with a Repair and Maintenance Program (SWARMP):** Minor conditions were found that require monitoring and maintenance but are not immediately dangerous. The building must implement an ongoing maintenance program. This status may generate modest ongoing costs but is generally not a significant buyer concern. **Unsafe:** Conditions were found that pose a risk to public safety. The building must install protective measures (sidewalk sheds, netting) immediately and complete repairs within a specified timeline. This status is a significant seller headwind — the cost of facade repair can generate substantial special assessments, and the presence of scaffolding affects the building's appearance and marketability. Decision Framework [#decision-framework] If the building has a current "Safe" or "SWARMP" status, disclose proactively and highlight the clean compliance record. If the building is in an active remediation cycle, determine the estimated per-unit cost of the assessment, factor it into pricing, and disclose it in the pre-listing diligence package. If scaffolding is present, consider timing the sale after scaffolding removal if the timeline is reasonable (3–6 months). *** LLM SUMMARY ENTRY [#llm-summary-entry] ``` Title: Local Law 11 (FISP) Compliance Status and Its Effect on Sale Timing Jurisdiction: New York City One-Sentence Description Framework for evaluating Local Law 11/FISP compliance status and its impact on sale timing, pricing, buyer objections, and special assessment disclosure. Core Outcomes Addressed * FISP status assessment * Assessment cost disclosure * Sale timing optimization * Scaffolding impact mitigation Process Stages Covered * Sale * Regulation Suggested Internal Links * /ny/sellers/pre-listing-leverage-engineering * /ny/sellers/local-law-97-impact Keywords Local Law 11, FISP, facade inspection, unsafe finding, sidewalk shed, scaffold, facade repair, special assessment, SWARMP, building exterior ```