We highly recommend you obtain a Land Information Memorandum from your Local Council when purchasing a property. The LIM is a valuable document which details the Council records in relation to the property. An application is made to the Council and a fee is payable. The fees vary from Council to Council but when you consider the investment you are undertaking what is the cost of a couple of hundred dollars to get the right information and protect you. Generally a LIM Report will take approximately 10-15 working days to be completed.

Some general information contained in a LIM Report will be:

1. Features of the land, such as potential erosion, slippage or hazardous.
2. Stormwater and sewerage drainage.
3. Rates information.
4. Consents and notices affecting the land and building issued by the Council.
5. Building Certificates.
6. Use of the land.
7. Any pending orders or notices.
8. Any other information the Council deems relevant.

Please note the above is only a brief outline.

We highly recommend you make any Agreement for Sale and Purchase subject to a LIM Report condition and discuss this with your Conveyancing Practitioners.

Warm regards Kim Principal