The Two Core Checks: Title and LIM
During the conditional period, your conveyancer or lawyer runs a set of checks designed to catch problems before you're committed. The two core documents are the title search, which confirms legal ownership and reveals easements, covenants and mortgages registered against the property, and the Land Information Memorandum (LIM), which summarises what the local council knows about the property.
A due diligence condition typically gives you 10–15 working days to obtain both of these, along with a building report and finance approval, before deciding whether to proceed.
Title Search
LIM Report
A standard due diligence condition typically runs 10–15 working days — enough time for a title search, LIM, building report and finance approval.
What a Thorough Due Diligence Check Covers
Beyond title and LIM, a good conveyancer checks several other things.
Rates and outgoings
Confirms rates owing and any other charges registered against the property.
Consents and compliance
Checks building consents were obtained and signed off for any renovations shown on the LIM.
Easements and covenants
Identifies any rights of way, utility easements or restrictive covenants affecting the land.
Hazard notices
Flags any council notices about flooding, erosion or other land hazards.
Quick Summary
- Title search: confirms legal ownership and any rights or restrictions.
- LIM report: shows council records, consents and hazard notices.
- Typical window: 10–15 working days to complete due diligence.