It’s tempting to skip the LIM report when buying a house to save some cash upfront, but think! While it may seem like a smart move now, it could lead to unexpected issues that cost you much more down the line. Protect your investment and make informed decisions for a smoother home buying experience. Trust us, it’s the peace of mind!
What is a LIM Report?
A Land Information Memorandum (LIM) is requested through LIMNZ and prepared by the local council. It provides a summary of current property information from various departments as of the issue date. The LIM may not include all relevant details, such as unreported weathertightness issues.
Information typically found in a LIM includes:
- Stormwater or sewage drains
- Heritage New Zealand protections
- Special land features like erosion or flooding
- Any rates owing on the land
- Permits, building consents, or requisitions
- Zoning regulations and conditions for land use
- Notices from statutory organizations regarding the property.
Can I get the information I need without applying for a LIM?
Your council may permit you to inspect the property file, which includes plans and consents, for a small fee. However, they won't be held responsible for any information that might have been omitted. Keep in mind that the property file may not contain details like zoning and flood risk areas, and a LIM is unlikely to include the original property plans (though the Council property file will). Some councils offer zoning and flooding information on their websites.
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The benefit of purchasing a LIM through us is that the Council will be liable if the provided information is inaccurate or causes harm. Additionally, a LIM conveniently consolidates all relevant details, saving you the time and effort of researching everything individually