A LIM report will typically include information about which of the following?
Correct Answer
B) Rates owing, building and resource consents, and known special features of the land
A LIM report contains factual information held by the territorial authority about a property, including rates information, consents, and other regulatory matters. It does not include property valuations or detailed technical reports.
Why This Is the Correct Answer
LGOIMA s 44A lists LIM contents, including rates owing, consents, certificates and notices issued by the council, natural hazards and other special features of the land known to the council.
Why the Other Options Are Wrong
Option A: A current market valuation, showing what the property would likely sell for today
A LIM reports council-held regulatory information. It does not give an opinion of market value; that needs a registered valuer or an agent's appraisal.
Option C: Detailed structural engineering reports on the condition of the building
A LIM lists consents and notices the council has issued. It does not include engineering assessments of the building's condition.
Option D: Names and contact details of the owners of neighbouring properties
Neighbours' ownership details are not LIM content. Ownership is recorded on the record of title held by LINZ.
Deep Analysis of This Resource Management Question
A Land Information Memorandum (LIM) is a crucial document in New Zealand property transactions that provides factual information held by territorial authorities about a specific property. Under the Local Government Official Information and Meetings Act 1987, councils must provide this information upon request. The LIM serves as an official record of regulatory matters affecting the property, including rates information, building and resource consents, notices, and any special circumstances. This document is essential for due diligence as it reveals potential issues that could affect property use, development potential, or ongoing obligations. Understanding what a LIM contains versus what it doesn't contain is fundamental for real estate professionals, as it helps set appropriate expectations for clients and ensures proper advice is given about additional investigations that may be required during property transactions.
Background Knowledge for Resource Management
A Land Information Memorandum is issued by the territorial authority under s 44A of the Local Government Official Information and Meetings Act 1987. It must include natural hazard information, other special features of the land known to the council, stormwater and sewer information, rates owing, consents, certificates, notices and orders, and permitted uses of the land. It does not include valuations, opinions or engineering assessments.
Memory Technique
Remember LIM contains LIMB information: L-Legal notices, I-Information from council records, M-Municipal consents and rates, B-Building and resource consents. Think of a tree LIMB - it's part of the official council 'tree' of information, containing only what the council actually holds on file.
When you see LIM questions, think 'LIMB' and ask yourself: 'Is this information that would be held in council files?' If it's valuations, engineering reports, or ownership details, it's not council-held information, so it won't be in a LIM.
Exam Tip for Resource Management
For LIM questions, focus on what councils actually hold: rates, consents, notices, and regulatory matters. Eliminate options involving valuations, technical reports, or information held by other agencies like LINZ.
Real World Application in Resource Management
A buyer's solicitor requests a LIM for a residential property purchase. The LIM reveals the property has a targeted rate for stormwater management, historical building consents for extensions, and a current resource consent for a home business. It also shows a notice about potential contamination from a former service station nearby. This information helps the buyer understand ongoing obligations and potential issues, but they still need to commission a separate building inspection and valuation to complete their due diligence.
Common Mistakes to Avoid on Resource Management Questions
- •Confusing LIM content with property valuation reports
- •Expecting LIM to include detailed technical assessments
- •Thinking LIM contains ownership information from LINZ records
Related Topics & Key Terms
Key Terms:
More Resource Management Questions
What is required before starting construction of a new two-storey family home in New Zealand?
A developer wants to subdivide Rural-zoned land into residential sections. The district plan does not prohibit this, but says consent can be granted only if the proposal passes the section 104D gateway test. What activity status does that indicate?
A homeowner receives a LIM report showing that previous resource consent was granted with ongoing conditions requiring annual monitoring reports. What does this mean for the new owner?
A property owner receives a notice that their building work was undertaken without a building consent. What is this notice likely to be called?
Under the Building Act 2004, which type of building work typically requires a building consent?
- → A client wants to subdivide their rural property into smaller lots. What type of consent will they most likely need under the RMA?
- → Under section 104 of the RMA, when considering a resource consent application, what must a consent authority have regard to alongside the actual and potential effects on the environment?
- → Under the Resource Management Act 1991, what is the primary purpose of district plans?
- → A property developer wants to subdivide a 2-hectare residential section into 10 lots. Under typical district plan rules, what consents would likely be required?
- → Under the Building Act 2004, which authority is responsible for issuing building consents?
- → Which of the following activities would most likely require resource consent under the RMA?
- → What is the main difference between a regional plan and a district plan?
- → A property has an existing resource consent for a home-based business that expires in two years. What happens if the owners want to continue the business after the consent expires?
- → A developer has obtained resource consent for a subdivision but discovers during earthworks that the site contains archaeological features. What is the most likely immediate consequence under New Zealand law?
- → Sarah wants to build a two-storey house on her vacant section in a residential zone, and the design meets all of the district plan's standards. What consent process will she need to follow?
People Also Study
Property Law & Legislation
56 questions
Agency Practice
89 questions
Sale & Purchase Process
63 questions
Professional Conduct & Ethics
46 questions
Related Study Resources
Previous Question
A homeowner receives a LIM report showing that previous resource consent was granted with ongoing conditions requiring annual monitoring reports. What does this mean for the new owner?
Next Question
A property developer wants to subdivide a 2-hectare residential section into 10 lots. Under typical district plan rules, what consents would likely be required?