Residential Desktop Assessment Supporting Memorandum for first mortgage purposes 

The purpose of the Residential Desktop Assessment Supporting Memorandum – For First Mortgage Purposes (RDASM) is to provide the basis upon which Valuer Members (Valuers) of the Australian Property Institute (API) undertake Residential Desktop Assessments under instruction from and for the use of the lender specified in the report. 

The RDASM sets out the basis on which the lender accepts and relies on the Residential Desktop Assessment.  

A lender who instructs a Valuer to undertake a Residential Desktop Assessment under the provisions of the RDASM agrees to accept the commercial risks inherent in relying upon a Residential Desktop Assessment and the immunities and indemnities in favour of the Valuer and their employer provided within the RDASM.