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
D) A 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
A LIM reports council-held regulatory information under LGOIMA s 44A. A market valuation is not on the list; it comes from a registered valuer or an agent's appraisal.
Why the Other Options Are Wrong
Option A: Building consents the council has issued for the property
Building consents issued by the council are LIM content under LGOIMA s 44A(2)(d).
Option B: Known special features of the land, such as flooding or erosion
Natural hazards and other special features known to the council must be included under s 44A(2)(a) and (aa).
Option C: Resource consents affecting the property
Resource consents affecting the land are among the consents a LIM must list under s 44A(2)(d).
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 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?
- → A LIM report will typically include information about which of the following?
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