The Best Place to Lease Domain Names

You have probably heard of the term leasing before, especially used in association with cars or real estate. The way it works is that you have an objective; you want to travel into the countryside and your current car won’t do or you see a prime property you cannot afford to buy but would love to make use of. By entering into a lease agreement with the owner of the car or property, you are able to use the item under specific terms until the agreed period expires or either party opts out. This same principle applies to domain names which are often referred to as internet real estate. In this article, I will share on the best place to lease domain names that I have found so far.

Lease car or home

Why Lease Domain Names?

This is a very valid question. After all, a quick search of the internet will reveal hundreds of companies that sell domain names, some even going for less than a dollar! That notwithstanding, leasing domain names comes a number of domains such as;

  1. Low initial cost: Imagine you are a startup that is low on capital but have spotted the perfect domain name that is way out of your budget. Leasing in this case is the great option, provided you can agree to the terms provided by the current holder of the domain name.
  2. Long term purchase option: How many times have you come up with a great idea for a domain name only to discover that it has already been taken up? This is a reality we come face to face with once in a while. However, in the event that you are still willing to purchase it from the current owner, a lease agreement with monthly payments can help break down the current cost into more affordable alternatives.
  3. Increased visibility for your business: Sometimes, you need not change your business domain name out rightly.
    Lease or purchaseMost of the domain names available for leasing are short, precise and depending on their age, might have garnered a high page authority; meaning that they rank well in search engines. By leasing a domain name with high page authority, you can redirect all traffic to that domain name to your own. Over a period time, your business domain name will become “associated” with that highly ranked name and regular visitors will with time learn to visit your domain name directly.
  4. Revenue for domain name owners: If you are in the business of spotting a good domain name and acquiring it cheaply with the intention of selling it for a huge profit in the future, then leasing domain names is a great option for you to earn some income as you wait. Depending on the popularity of your domain name, you might not have to wait too long before you receive a great offer from an interested buyer. That notwithstanding, the revenue from the leasing, however small, can help contribute to annual domain name renewal charges as you await your preferred offer.
  5. Security for domain names: Leasing often necessitates the transfer of certain privileges to the entity leasing your domain name. Depending on your experience in the business and how you go about your transaction, you can inadvertently transfer vital privileges to client and effectively transfer total ownership to them! However, this need not happen today because a number of companies now offer professional leasing services that guarantee security for the domain name owner and fair treatment to the client. This way, even the novice domain name owners can be guaranteed security for their precious internet real estate.

The Legal Jargon

Below are a few terms that you are likely to encounter should you get into the business of leasing domain names. This list is by no means exhaustive.

  • Lessor: The domain name owner as verified by a Whois search that is willing to lease the domain name at a cost payable by the Lessee
  • Lessee: The party that is temporarily granted use of the domain name at a cost payable to the Lessor
  • Term: The period between the effective date and the expiration date during which the Lessee has access to and use of the domain name.
  • Payments: All the fees required to facilitate the temporary domain name transfer from the Lessor to the Lessee as well as the agreed upon monthly rental charges for use of the domain name.
  • Lease: The binding agreement between the Lessor and Lessee during temporary use of the domain name.

The Best Place to Lease Domain Names

My hope is that by now you have a better appreciation of why there is need to lease domain names and the legal terms involved. As I read up on the domain name leasing business, one name constantly came up in my searches and was none

The Internet, Domain Names

other than Epik. The company that refers to itself as “The Swiss Bank of Domains” prides itself in handling multiple six-figure US$ domain name transactions as shared by its CEO Rob Monster in a response to this forum thread. The fact that more than one company trusts Epik to handle their transactions speaks well of its credibility to handle your domain names leasing business.

Why Epik?

  • Customer Support: This is the most important aspect of my personal considerations when making a choice of aservice provider. Whereas the site guarantees you 24/7 support, it is always good to search online platforms for reviews and let’s face it, it is not an easy task to hide thousands of complaints from dissatisfied customers. The fact that you only find glowing tributes of Epik means that they are doing a good job on this front.
  • Commission free transactions: This comes second on my list of priorities. This in no way means that I do not appreciate the services of brokers or middlemen but it is not uncommon to hear of transactions that fall through based on prohibitive commissions being charged. Epik guarantees this through use of its “Masterbucks” where proceeds from transactions can be used to pay for other services on Epik or cashed out at a 5% cover payment.
  • Security for the Lessor and Lessee: This is another important aspect that Epik seems to cover rather nicely. According to its terms, parties intending to use Epik as their domain leasing company ought to transfer their domain name hosting to it. Epik will then act as a neutral entity overseeing the transaction; ensuring that the Lessor cannot transfer the domain name during the term of the lease and that the Lessee cannot alter the Whois information and claim ownership of the same.
  • Support to the Lessee: Epik guarantees support to the Lessee throughout the term of the lease. It is not rare to want to change your DNS records or activate certain services upon changing to a different host. The fact that Epik supports this takes the load off any Lessor, especially if they are new to the technical side of things.

Happy Leasing!

I must admit that I borrowed that last header from the Epik blog. So whether you are an experienced or novice domain name owner or are interested in leasing a domain, I pray that this article has made your choice easier. Do leave me a comment and I will be sure to respond.

Take Control of Your Domain Names

18 thoughts on “The Best Place to Lease Domain Names”

  1. Great read, I had no idea you could lease a domain name from a company ot individual. It’s interesting to know that it could give you a head start with yout business and am I right in saying if your online business does really well you could buy the domain name out right?

    Reply
    • Thanks Stephen. I’m glad you enjoyed reading the article. To answer your question, yes you can depending on the lease agreement. The option to buy at the end of the lease period would fall under the “lease to own” type of arrangement.

      We are Blessed.

      Reply
  2. Such a great write up, I must say that it’s very annoying when you come up with a great domain name then find out it’s already taken, but with this lease option thinks have been better. The reasons for leasing that you stated above are very nice and legit too. Anyone who has never thought of this will find this article very helpful.

    Reply
    • Thanks too for commenting Jeff. I’m glad that you found the reasons legit. Leasing domain names with a good traffic record is a great way to hit the ground running in the competitive online marketing space.

      We are Blessed.

      Reply
  3. This is an approach I have never even considered, because as you mention, so many domain names can be purchased and owned outright for what seems like a small investment. Leasing a domain name does seem to have a few advantages, and increased visibility is a huge one that should not be discounted. Thanks for sharing this unique approach to going online!

    Reply
    • Thanks too for leaving me a comment Aly. Domain names have quickly built up and lived up to their reputation as internet real estate. If you spot a prime corner property you cannot afford to buy outright, you’re better off leasing this busy spot that procuring your own in the less busier streets with barely any foot traffic where your business will take forever to pick up. I guess the companies in this business and Epik in particular have mastered this game.

      We are Blessed. 

      Reply
  4. Hi Mark,

    Well, well, well.  Domains are being leased now?  There’s a monster company called Epik that specializes in it?

    OK.  My mind is officially blown away.  What the heck?

    And it’s a profitable business, despite costs that are often less than a dollar?  This is fascinating!  

    The question I have that keeps bothering me is this: how does the ‘Masterbucks’ system work?  If you want to cash out some of your lease revenues, Epik charges lessors a 5% royalty each time?  So they are essentially a service provider, and a virtual bank at the same time?

    Thanks for this very interesting post.  I am going to look into this further.

    Michael

    Reply
    • Hi and thanks for leaving me a comment Michael. I appreciate where all the questions come from. I mean for a hitherto unknown business model, you are bound to have a few or many questions flying around your mind. Back to your question on ‘Masterbucks’, the response would be yes to the 5% royalty on cash outs. I reckon they’ve studied the market long enough to deem that figure “fair” in comparison to cuts demanded by other domain leasing agents/agencies. Happy exploring!

      We are Blessed.

      Reply
  5. I am more conversant with Epik. I am pretty sure we do more domain lease transactions than any other provider and have been doing them for years. The buyer/lessee has the right to use the domain while the lessor gets paid. It is all managed and automated so that payments are not missed.it legit and really popular too.thanks for sharing anyway, hope it help others.

    Reply
    • Thanks too for sharing your experience with Epik Feji ben. Your comment will serve as reassurance to those who read the article and hopefully, help them make their decision as well.

      We are Blessed. 

      Reply
  6. Thank you very much for this insightful post. it has really been of great help to me.

    i was wondering about the cost of leasing a domain and i taught about what it will take to just buy it off. but then availability of resources one factor. you would not want to spend everything you have on a domain name when you can simply lease it and then make good money of it while investing your money in other aspects

    Reply
    • Quite true Kirkman. A good domain name is very important when starting out in business but it wouldn’t be wise to spend too much on it. Thanks too for your kind comment. All the best with your investments.

      We are Blessed.

      Reply
  7. Hi there,

    I was aware of buying and selling domains, but not leasing. It makes sense, though. Domains are the internet’s real estate. I own two domains which I have not developed yet. I will develop them eventually, but not now. So, in theory, could I lease these domains on Epik? What payment method is preferred for leases? Paypal?

    This was a very interesting article. You certainly made me think. Would it be a good idea to invest in more domains, with the possibility of selling and/or leasing them in the future?

    Reply
    • Hi Christine, I’m glad that my article tickled your interest in the subject.

      As the leasing market is very competitive, I think the best option for your undeveloped domain names is to park them so that they gain a reputation in terms of traffic and revenue. Investing in domain names with the prospect of selling and/or leasing them in the future is a great decision, however, just like in real estate, the choice of domain name will determine the sale/lease price, so choose your purchases wisely.

      We are Blessed.

      Reply
  8. Thank you for this post about the best place to lease domain names. I have been doing a lot of research about leasing a domain and still had a lot of questions. This post answered all of the questions I had about leasing domain names and more. Thank you for all of this great information. It will allow me to make the best decision about leasing a domain going forward. I will be doing this business through Epik for sure.

    Reply
    • Hi and thanks too for taking time off to leave me a comment Russ. I’m glad that the article has made your decision on where to lease domain names easier. All the best with your plans.

      We are Blessed.

      Reply
  9. Hello there! This is an amazing review you’ve got here. While searching for site which I could lease my domain a friend made mention of Epik but I didn’t pay attention because he didn’t give me any convincing reasons to it. But with the informations here, I think it’s just the best place for me.

    Thanks for sharing this with me, it’s helpful!

    Reply
    • You are most welcome! Our minds are always keener when we hear the same recommendation twice. All the best with leasing at Epik!

      We are Blessed.

      Reply

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