Sarah is purchasing a property and receives a LIM report. Which of the following information would NOT typically be included in this report?
Correct Answer
B) Current market valuation of the property
A LIM report contains factual information held by the council about a property, including consents, zoning, and planning matters. However, it does not include market valuations as this is commercial information outside the scope of council records required under the Local Government Official Information and Meetings Act.
Why This Is the Correct Answer
Option B is correct because LIM reports contain only factual information held by territorial authorities under the Local Government Official Information and Meetings Act 1987. Market valuations are commercial assessments requiring professional expertise and are not part of council administrative records. Councils are not qualified to provide property valuations and this falls outside their statutory obligations for LIM reports, which focus on consents, zoning, hazards, and other factual planning matters.
Why the Other Options Are Wrong
Option A: Building consents issued for the property
Building consents are core council administrative records that must be included in LIM reports. Councils issue building consents and maintain comprehensive records of all consents granted, making this factual information readily available and required to be disclosed in LIM reports under the Local Government Official Information and Meetings Act.
Option C: Resource consents affecting the property
Resource consents are issued and administered by councils under the Resource Management Act 1991. These consents affect land use and development rights, making them essential factual information that councils hold and must include in LIM reports as they directly impact property rights and potential uses.
Option D: Special feature classifications under the district plan
Special feature classifications under district plans are part of council planning documents and zoning information. This factual planning data is held by territorial authorities and forms part of the statutory information that must be included in LIM reports to inform property purchasers of planning restrictions or opportunities.
Deep Analysis of This Resource Management Question
This question tests understanding of Land Information Memorandum (LIM) reports under the Local Government Official Information and Meetings Act 1987. LIM reports are statutory documents that councils must provide containing factual information they hold about properties. The key principle is that LIM reports contain only factual, administrative information held by territorial authorities - not commercial assessments or valuations. This distinction is crucial because it defines the scope and limitations of what councils can and must provide. Understanding LIM content is essential for real estate professionals as these reports are commonly requested during property transactions to identify potential issues like consents, zoning restrictions, or hazards. The question connects to broader concepts of due diligence, information disclosure obligations, and the distinction between factual council records versus commercial property assessments that require professional expertise.
Background Knowledge for Resource Management
Land Information Memorandum (LIM) reports are statutory documents provided by territorial authorities under the Local Government Official Information and Meetings Act 1987. They contain factual information councils hold about properties, including building and resource consents, zoning classifications, hazard information, rates records, and planning matters. LIM reports do not include opinions, assessments, or commercial information like valuations. The Resource Management Act 1991 governs resource consents, while the Building Act 2004 covers building consents. Understanding LIM scope helps real estate professionals advise clients on due diligence processes and identify when additional professional reports may be needed.
Memory Technique
Remember LIM reports contain only FACTS: Factual Administrative Council Territory Statistics. Like a library catalog system, councils can only tell you what books (information) they actually have on their shelves - they can't tell you what those books are worth in the marketplace. Valuations require a professional appraiser, just like you need a book expert to value rare books.
When you see LIM questions, ask yourself: 'Is this FACTUAL information the COUNCIL would actually hold?' If it requires professional judgment or commercial assessment (like valuations), it's not in the LIM.
Exam Tip for Resource Management
Look for the option that requires professional expertise or commercial judgment rather than factual council records. Valuations, market assessments, and professional opinions are never included in LIM reports - only administrative facts councils actually hold.
Real World Application in Resource Management
A buyer requests a LIM report for a residential property they're purchasing. The LIM reveals building consents for a deck addition, resource consent for a minor dwelling, and flood hazard classifications. However, when the buyer asks their agent why there's no property valuation in the LIM, the agent explains that valuations require a registered valuer's professional assessment and aren't part of council administrative records. The buyer then arranges a separate registered valuation to determine the property's market value for their purchase decision.
Common Mistakes to Avoid on Resource Management Questions
- •Assuming LIM reports include property valuations or market assessments
- •Confusing LIM reports with property inspection reports or valuations
- •Thinking councils provide commercial advice rather than just factual records
Related Topics & Key Terms
Key Terms:
More Resource Management Questions
What is the primary purpose of the Resource Management Act 1991?
Which document would typically contain rules about building height restrictions and setback requirements?
What is required before starting construction of a new dwelling in New Zealand?
A LIM report will typically include information about which of the following?
Under the RMA, if a proposed activity is not specifically provided for in a district plan, what classification does it receive?
- → A property developer wants to subdivide rural land into residential sections. The district plan shows this area is zoned Rural. What type of resource consent would most likely be required?
- → What is the key difference between a building consent and a resource consent?
- → 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 commercial development requires both earthworks exceeding 500m³ and a new building over 10 meters high in a zone where the height limit is 8 meters. The district plan classifies earthworks as controlled activities and height exceedances as restricted discretionary activities. What consenting pathway is required?
- → Under the RMA, when can a territorial authority decline a controlled activity resource consent application?
- → A property owner receives a notice that their building work was undertaken without a building consent. What is this notice likely to be called?
- → What is the primary purpose of the Resource Management Act 1991?
- → Which document would you consult to determine the permitted activities for a specific zone in a territorial authority area?
- → Under the Building Act 2004, which type of building work typically requires a building consent?
- → What information would you typically find in a LIM report?
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