Bayana
General & PlacesAlso called: Bayana Amount, Advance
A Hindi word for the advance paid by a buyer when agreeing to buy a property. It is normally a part of the sale price and is given with a written receipt or agreement, and may be forfeited if the buyer backs out.
Example & agent tip
Example: A buyer pays ₹5 lakh as bayana and gets a receipt stating the balance payment date.
Agent tip: Always issue a written receipt stating the property, amount, balance and last date.