Why you should get a LIM?
If you’re buying a property, a LIM may answer some important questions about the property and any associated buildings. If you’re selling, a LIM is a way of informing potential buyers about your property.
A LIM gives you the opportunity to discuss any concerns you may have regarding Council requirements, matters or issues, and to obtain advice from your solicitor.
Banks and insurance companies may require a LIM to protect their investment.
Please be aware that only a current LIM is valid for the purpose of a Sale and Purchase Agreement. Also, a LIM report does not include a physical inspection of the property.
