You see a domain name that's a perfect fit for your new or existing business, but the price may be a bit more than you want to pay out up front, that's where lease to own comes in to play.
It gives you the option to get that domain name for just 20% of the price of the domain as an up front payment, with the balance to be paid off over the next 6 or 12 months, depending on the price of the domain (see examples below). The lease to own buying process is slightly different to buying a domain name at the buy it now price, or after agreeing on a price via make offer. Sedo.com don't offer lease to own payment plans, so all payments will need to be made direct to my UK bank account.
With lease to own, once we've agreed on the purchase price, let me know which name servers you want to use with the domain, and as soon as you've paid the initial 20%, the name servers will be set immediately, allowing you to use the domain name straight away.
Lease To Own Terms.
1. Lease to own domains are offered on 6 or 12 month payment plans. Domains priced from £950 up to and including £1,450 are only available on 6 month plans, domains at all other prices above that are available on 12 month plans. Domains priced at less than £950 are not available on lease to own, those can only be bought outright at buy it now prices or after agreeing a price after making an offer.
2. Leased domain names remain under my control until you have made your final monthly payment.
3. Upon agreement to lease a domain, give me your name and/or business address details and I'll issue you with an invoice, which will include my UK bank account details to make the initial 20% payment.
4. Upon agreement to lease a domain, I'll renew the domain for a further 1 year period so that there's no disruption to your service.
5. Each month, I'll send you an invoice and a payment reminder 7 days before your next payment is due. Payment is expected on the scheduled date each month via UK bank transfer, or via IBAN for international customers. A 7 day grace period is provided to complete the payment.
6. Failure to pay by the end of this 7 day grace period will result in the termination of your lease to own plan, any previous payments are non-refundable, the domain will not be transferred to you, and will be re-listed for sale or lease again.
7. When you've completed your final monthly payment, the domain ownership will be transferred to you via a Nominet domain transfer, for which Nominet will charge you £10 + VAT.
8. Please print this page and sign below to state that you agree to the terms, then take a photo/scan of the print out and email it to me.
9. These terms are non-negotiable, don't take out a domain lease if you can't afford the monthly payments.
10. I agree to the above terms:
Signed: ______________________
Print Name: ______________________
Leased Domain Name: ____________________________
Date: __/__/____
Other Answers
Can I start using the domain right away? Yes, once your initial payment is verified, the domain is secured for you and removed from sale, I'll then set your chosen name servers you want to use, allowing you to administer the domain name. I offer no web hosting or other services, you'll need your own web host.
What happens if I miss a payment? See #6 above, If no payment is received by the end of the 7 day grace period, the lease to own payment plan will be terminated.
Can I settle my balance ahead of schedule? Yes, you may clear your outstanding balance at any time without incurring penalties. Once the domain is fully paid for, domain ownership will be transferred to you via a Nominet domain transfer, for which Nominet will charge you £10 + VAT.
What if I no longer want the domain? You can terminate the lease to own plan any time by contacting me via email. Future charges will stop, any previous payments are non-refundable, the domain will not be transferred to you, and will be re-listed for sale or lease again on the site.
Below, you'll find a selection of lease to own payment examples, these cover most of the domain prices that I have domain names listed for, each one gives you the up front amount to be paid, along with the remaining balance, the amount to be paid each month and number of monthly payments.