When purchasing a property, obtaining a Land Information Memorandum (LIM) report from the relevant council is strongly recommended.
A LIM report provides all the documents that a council has on records for a property. Each LIM report contains different information, as some properties may be new builds, while others are just sections or older homes.
Some examples of what could be found in a LIM report are:
whether resource consent and certificate code of compliance (CCC) have been obtained and issued;
if there are any building works in the area currently being completed or will be in the near future;
when and how much your rates are;
if the property is located on or near a known archaeological site;
if the property is in a flood zone or high wind zone; and/ or
if the property is a known leaky home or has tested positive.
For further information on LIM reports, or all other property enquires, please contact our private client team.
Disclaimer: the content of this article is general in nature and not intended as a substitute for specific professional advice on any matter and should not be relied upon for that purpose.