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What is a LIM Report?
It pays to learn all you can about a property you’re keen on. Find out more in this article from Settled.govt.nz.
Last updated: 23 January 2025
AI summary
A LIM report (Land Information Memorandum) is a summary of property information held by the local council. It's a crucial part of due diligence for buyers.
The report includes details on:
- Consents, permits, and zoning
- Special land features like flooding or erosion risks
- Stormwater and sewage drains
Obtaining a LIM report helps identify unconsented work or potential hazards. This allows you to negotiate with the seller or withdraw your offer if it's conditional on a satisfactory report.
How can I get a LIM report?
A LIM provides important information about the property.
Can I get the information I need without applying for a LIM?
Getting a LIM report can save you money in the long run.
Do I really need a LIM report?
A LIM report can uncover any potential issues such as flooding and instability, and other natural hazards.
How much does a LIM report cost?
How long does it take to get a LIM report?
Getting a LIM report can provide peace of mind moving into your new home.
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