A LIM or Land Information Memorandum is all the information that the local Council holds on the property to date. It is important to include the LIM report condition as information (or lack of) that the Council holds may affect your use and enjoyment of your new home and it can be hard, or impossible, to change once you’ve moved in.
When you receive a LIM you should first look at the plan of the house, make sure it still looks the same as the property now or make sure that any additional works, such as bathrooms, conservatories and garages, have been issued a Code of Compliance by the Council.
The LIM also contains information of any flooding, erosion, weathertightness issues, zoning, heritage buildings, protected trees, rates owing, claims or notices by other organisations over the property and any other information that the council thinks is relevant.