A Land Information Memorandum is the council's file on the property: consents, rates, drainage, flooding, zoning, and any notices or requisitions. It is the one report that tells you what the council knows and the vendor might not. Order your own, read the attachments, and do not confirm the condition until we have.
The LIM is a report you order from the local council. It lists building consents and whether they were completed, rates owing, drainage and water information, hazard overlays like flooding or instability, zoning, and any notices the council has issued. Councils have ten working days to produce it, and in Auckland there is a fee.
The LIM is where you find the deck that never got a Code Compliance Certificate, the overland flow path through the back yard, or the requisition that says the garage conversion has to be removed. It also sets the baseline for what the vendor warrants in the agreement. If a problem is on the LIM, you cannot later claim you did not know.
We prefer you to order your own LIM rather than rely on one the agent provides, because a vendor's LIM may be out of date. We read the whole document, including the attachments, and summarise the issues in plain English. If the vendor agrees to fix something as a condition of settlement, we document it so it is enforceable.
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