RSS Feed

Conveyancing Q&A - Checking LIMs

Monday, March 21, 2016


In this week's Conveyancing Q&A, Hilary Jenkins shows you how to minimise your legal fees.  

APIA Ask An ExpertI am new to investing in property having only bought one property so far (my home).  Should I always obtain a LIM report?  What should I look out for in a LIM report for a property meant to be a rental.

APIA Ask An Expert

It is always a good idea to get a LIM for any property, regardless of why you are purchasing as it can affect the current and future property use as well as on-sale value if there are problems with unconsented work.

What to look for in a LIM for a rental is no different than if it was your own home - check carefully at the details relating to zoning, building consents issued against work actually carried out and all the hazard information as well as building/site/services plans associated with the property. 

Disclaimer - The answer provided above is informational and should not be relied upon as legal advice.  For personalised legal advice, please feel free to contact Lifestyle Legal Services Limited or your professional legal advisor directly.  

Hilary Jenkins

Hilary is the director of Lifestyle Legal Services and a veteran of the conveyancing industry having built up an impressive work history of over 20 years (15 of which as a Registered Legal Executive).

To date, Hilary has played an integral part in the success of a wide range of residential and commercial transactions.  Lifestyle Legal stem out of Hilary's passion for the property industry and desire to offer clear and down-to-earth advice for her customers.  

Do you have any conveyancing related questions for Hilary?  Email your questions through to admin@apia.org.nz.  

Recent Posts


investor privacy warm up new zealand Editor's Choice landlord cgt insulation partners Question and answer cash-flow trust warren buffett wins television auckland council trespass water bill property management TCIT buyer's agent market rent maintenance legal Q&A nzpif property beginner investor letting fee ring-fencing business ask an expert CoreLogic recycling equity RBNZ Sponsored post return speculator heating anz income Landlording housing bubble relationship structure government capital gain management Must know buying rules worksafe data security twg report debt enforcement LIM inspection interest rates rent first home buying building trademe rental market meth Guest blog development HHGA wealth creation banking asbestos ventilation rent arrears termination How to fixed-term tenancy principal and interest negotiation boarding house market tenant lvr short-term rental initio clnz meth contamination bond form Property (Relationships) Act reserve bank productivity parry v inglis scotney williams Must knows shower dome property cycle sale and purchase DTI Investment tip tax watercare investment strategy rta CCC letting interest only unitary plan buying advice renovation bad tenant p lab sublease khh personal growth Case study finance RTAA 2019 Tribunal case study mindset heater financial advisers act mortgage smoke alarm off the plan property maintenance damage rental wof extractor fan Level 4 Jeff Bezos airbnb Market report bond property value winz Standards New Zealand house prices Investor story Holler equity tenancy issues covid-19 education minor dwelling robert kiyosaki housing affordability HHS subdivision rent increase Gluckman gluckman report cat skill shortage auckland tenancy tribunal holiday house insurance tenancy services election 2017 sale and purchas positive cash flow HSWA ocr Kris Pedersen Mortgages and Insurance rta reform ird


Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Property Apprentice logo Keith Hay Homes logo The Insulation Warehouse logo The Renovation Team logo The New Zealand Property Investors' Federation logo
09 360 2376

The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 

Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited