Received a “free” LIM? Know the risks!!
When purchasing a property, it’s advised a purchaser obtains a Land Information Memorandum Report (also known as a LIM Report). A LIM Report can be obtained from the local authority for a fee, and contains valuable information about the property such as soil contamination, plumbing, drainage, consents, licences, permits, rates, and zoning. When a property is being sold at auction, the real estate agent will often obtain a LIM Report and make it available to potential buyers.
“Unintentional Damage” and why tenants may no longer be liable
In 2009, tenants Kenji and Tieko Osaki caused substantial damage to their rented home when Mrs Osaki left a pot of oil unattended on the stove, resulting in a fire breaking out through the property. The property was repaired through the landlord’s insurance, but the insurance company decided to take action to recover the cost of the damage from the Osakis. The case went through the Tenancy Tribunal, which held the Osakis liable. The Osakis appealed to the District Court wher