What is a LIM report and do I need one?

Short answer: Council report on property history, zoning, consents, risks. Costs $300-$400. Essential.

What this actually means in plain English

LIM stands for Land Information Memorandum. It is a council report showing everything they know about the property: zoning, consents, flooding risk, unpaid rates, and building permits. It costs $300-$400. You need it. It reveals problems the seller might not mention.

Key Facts

LIM = Land Information Memorandum from council
Shows zoning, building consents, resource consents
Reveals flood risk, erosion, and natural hazards
Shows unpaid rates and outstanding orders
Costs $300-$400
Takes 5-10 working days to obtain

Example

Lim Cost: $350

Reveals: Unconsented garage, flood zone

Value: Negotiate $10,000 off or walk away

Without Lim: Buy with legal and safety issues

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