Payee

Language - English

Telugu Word - పెఱ్ఱుక్ కొళ్పవర్

A person to whom money is paid or is to be paid. In the context of Telangana real estate, the payee could be the seller of a property, a landlord receiving rent, or a contractor receiving payment for services rendered. Example: The sale deed clearly mentioned the payee's name and bank account details for the transfer of funds. Ensuring that payments are made to the correct payee is crucial in real estate transactions to avoid fraud or misappropriation of funds. It is important to verify the identity of the payee and use secure payment methods.