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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 council-prepared report summarizing its records on a property. It's a vital part of due diligence for buyers, detailing consents, zoning, potential hazards like flooding, and rates owing.
While not exhaustive, a key benefit is that the council is liable for inaccuracies. You can order a LIM from the local council for a fee. Making your offer conditional on a satisfactory LIM allows you to withdraw if unconsented work or other major issues are discovered.
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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