Renting a domain name is similar to renting a storefront or office space. You have a business idea and need a location to operate out of, but you don't have hundreds of thousands of dollars to spend on a building so you rent a location that works for your idea.
The majority of businesses in the bricks and mortar world rent their location. It's no different on the Internet where premium domain names now command prices in the five, six and seven figures and are out of reach for many entrepreneurs who have great ideas but limited capital.
Renting a domain name may seem unusual but the same laws apply to the rental of a domain name that do for the rental of an office or storefront.
We have been renting our domains since 2004 and we are one of the first companies to offer rentals of domain names. With years of experience, we are leaders in the rental field. Renting domain names has been our vision since 1998 when we acquired the domain name DomainNameRentals.com.
If you would like to see some of the names we own please go to www.DescriptiveDomains.com.
Q. What prevents you from not renewing my lease and selling or renting the domain name to someone else for more money then I am paying?
A. Our reputation for one but we also have a clause in our lessee that prevent us from selling or renting the domain for a year after your lease expires.
Q. Can I get an option to buy the domain name?
A. We rarely sell our domain names we prefer to lease them at reasonable prices but if we can agree on a price that the domain name will be worth at a future date then yes.
Q. How long do your leases run?
Q. what is the average price of a domain name rental?
A. Domain rentals start at $300.00 a year but I would say the average is around $1,000 a year.
Q. Who is responsible for renewing the domain name?
A. We are, all our domains are automatically renewed so they will never expire.
Q. If I decide I no longer want to rent the domain can I get out of the lease?
A. Yes you can cancel the lease at any time with a 60 day notice, we on the other hand do not have this option and will abide by the lease for as long as you want to rent the name.
Q. If I sell my Internet business that uses one of your domain names does the lease go with it?
A. Yes we will honor your current lease with the new owner and we can even negotiate a new lease if you like.