A LIM report is a Land Information Memorandum report. Before you complete a purchase on a property you would be advised to purchase a LIM report from the local council. The LIM report informs you about the property and you can make sure everything regarding the property is correct and that there are no unauthorised buildings on the site.
The LIM report also contains all permits, consents, code of compliance and other relevant information pertaining to the property.
A LIM report costs different amounts depending on the council it is purchased from. It is worth obtaining one before making your purchase as it may give you a bargaining advantage you did not know you had.
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