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What is a LIM report?

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A LIM report is a document that contains certain information about a property; the information it contains is drawn from local council records about a specific property. LIM stands for Land Information Memorandum. Many people recommend getting a LIM report when considering purchasing a specific property, bare site or dwelling.

The information contained in the report may reveal important information that could influence your decision to purchase.

Often these reports can be complex, so it may be advantageous to go through this report with your lawyer. 

 

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