What You Need to Know about the LIM Report

Do you know what a Land Information Memorandum report is? What is included in this particular report?

Basically, a LIM can be considered as the most comprehensive report that you can get on a property. You will find historical and current information of your apartment building in this report. The LIM is commonly given by the city council to inform people or would-be owners of the condition of a property.

You will also discover the topography surrounding the building or complex. This will include the downhill movement of the land, flooding of any type and possible hazardous substances in an area.

For most apartment owners in Auckland, it is essential to check the LIM report of their apartment building or complex. They will find the rates that they need to pay for the property. The money goes to the city council and it will be used to cover various services like water and drainage system to avoid flooding.

If you want to know more about the LIM report, then I urge you to checkout my latest podcast. I will show the content of this report and the things you need to check in it.

Get all the details from this link: The Comprehensive LIM Report