What is a LIM and Why Should You Check It? #talkingwithtommys Thinking about buying a house? Don’t forget to check the LIM! It stands for Land Information Memorandum and you can get it from the local Council. The LIM provides vital details such as outstanding consents, compliance issues, flood zones, district plan information, and earthquake ratings. As Tom explains, understanding these factors is essential because non-compliant issues can pose significant risks and expensive remediation costs.