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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 Land Information Memorandum (LIM) is a crucial report from the local council that summarizes property information. It's a vital part of your due diligence before buying.
A LIM includes details on:
- Building consents, permits, and zoning
- Potential hazards like flooding or erosion
- Stormwater drains and any rates owing
This report helps uncover unconsented work or other issues, giving you leverage to negotiate or withdraw your offer. You can order a LIM directly from the council for a fee.
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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