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A LIM report rarely contains everything you need to know. Here is a list of things you are unlikely to find in a LIM:
a. Building plans They are often excluded because it is too costly and time-consuming and bulky to include plans and drawing.
b. Accurate boundaries Even with an aerial photo of the site with the boundaries marked out, their accuracies may only be accurate within two and three metres. If the boundaries are important, check the certificate of title or the survey pegs.
c. Easements You will find easements on the property Certificate of Title at Land Information New Zealand
d. Sacred sites The presence on site of historical importance to the Maori within a property can hamper developments of the site. Many city councils choose to exclude these sites in the LIM report.
e. Neighbourhood proposed developments. If your immediate neighbour has put in a resource consent to build a pig farm, most councils don’t put that into the LIM, as they are not required by laws to do. It’s a case of buyer’s beware.
f. Development restrictions LIM doesn't give comprehensive details of the building restrictions. If you are buying with a specific development in mind, ask council’s planning staff.
The Lim Report—What it contains
Many home buyers get a LIM report on a property before closing the deal. It outlines information the council knows about the property, such as what extensions have been done with the property consents, and how you can use the land. A LIM report can show hidden problems.
The Local Government Official Information and Meetings Act sets out what has to be in the LIM report as follows:
- Special features of the property, such as whether it is subject to flooding, erosion or has the presence of hazardous substances.
- Information on storm water and sewerage drains.
- Whether there are rates owing.
- Information about building and resource consents, code of compliance certificates or orders issued by the council.
- Certificates issued by the building certifier
- Information about what use the land can be put to and conditions attached
- Information on building classifications such as the Historic Places Trust Information the council as given by the utility operations, such as a power or gas company.
