What happens if I have unpermitted exterior work on a landmarked property?
Unpermitted exterior modifications to a landmarked property create LPC violations that the buyer's attorney will discover during due diligence. You may be required to restore the exterior to its pre-modification condition or seek retroactive approval - both of which cost money and time. Address open LPC violations before listing to prevent deal-killing discoveries and retrade leverage during the transaction.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Historic District and Landmark Restrictions - Impact on Sale and Buyer Pool
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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