homepage Welcome to WebmasterWorld Guest from 54.197.147.90
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member
Home / Forums Index / WebmasterWorld / Domain Names
Forum Library, Charter, Moderators: buckworks & webwork

Domain Names Forum

    
Domain Leasing Dos and Don'ts?
Need tips from experienced and/or creative and/or devious minds
GabGoldenberg




msg:3930952
 4:36 am on Jun 11, 2009 (gmt 0)

I'm thinking of leasing a generic keyword domain. But I have some concerns, and would appreciate the community's help solving these problems.

The owner has proposed 6 months, option to buy at any time with 30 day notice. THen I'd have 7 days to put the funds in escrow and he'd push the name to my Godaddy account.

1) What if at some point during the lease, the owner reneges and sells to someone else? Then they've observed my work and can copy it, and I'm screwed.

2) What if they just refuse to sell me the name at the end (presumably to copy whatever I've done with the site)?

3) How do I keep things discreet if I am successful?

4) Are there other risks I haven't foreseen, but which I should?

5) Can we have the escrow agent take the domain's whois and put it in their name for the period of the lease?

6) What about putting the full buy price with the escrow up front, pay the lease fee, and have the whois transferred to me? Then they don't need to worry about me running off with the domain without paying, cuz the money is in escrow. I could do nothing or signify my intent to keep the domain, if I still want it at the end of the lease. If I want to return it and get my money, then I'd need to signify that. Think this would work?

7) Any other advice or tips would be great. Negotiation is also interesting...

 

kaled




msg:3931532
 7:16 pm on Jun 11, 2009 (gmt 0)

I've never heard of domain leasing, but, given your concerns, the only way this could be made to work would be if the domain is transferred to you for the period of the lease and you pay the purchase price up front to be held in escrow. If you proceed with the purchase, the money is transferred to the seller, if you don't proceed with the purchase, your money is returned and the domain is transferred back.

Sounds like a bad idea, but if you're confident of making enough to pay the legal fees (and you have a lawyer that you trust) it might work. However, if you're that confident, maybe you should just buy it.

Kaled.

GabGoldenberg




msg:3937620
 6:45 am on Jun 21, 2009 (gmt 0)

hey Kaled,

Great tips there. I'd come to roughly the same conclusion and am glad to have a fellow WebmasterWorld member confirm it.

Turns out I found a different domain name much cheaper, and the type-in traffic was too low volume to make leasing very interesting.

Thanks!

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / WebmasterWorld / Domain Names
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved