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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 crucial part of property due diligence. Prepared by the local council, it summarises key information held on a property, including building consents, zoning, rates owing, and special land features like flooding or erosion risks.
This report helps you identify unconsented work or other potential problems before you commit to buying. You can order a LIM from the relevant council for a fee, giving you the power to negotiate or withdraw your offer.
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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