Lease to own

[dvdrip]

I want to sell a domain and buyer wants to pay in installments. Is there a website like escrow.com that can handle all this? (keep the domain and collect the money every month) I know escrow.com can't do it.
Or maybe a lawyer that can do that?

[draggar]

Have him pay in installments whatever way you want to and point the DNS of the domain to where he wants it.

This way, you still have the domain, the leaser can control it and you collect the money. The nice part that is if it's a scam chances are you'll know after a payment or two.

[dvdrip]

I would prefer, and I am sure the buyer too, to have a contract.

[Banned: theinvestor]

If they want to pay in installments, then they don't receive the domain until paid in full. You can't just give someone a domain for 1/10 or 1/20 of what it is worth and hope they will pay you monthly. Especially when dealing with someone anywhere in the world. You can tell them you will redirect the site to wherever they want and when paid completely you can transfer the domain. They chose the transaction method, not you.

[Rockefeller]

You can have a lawyer hold the domain name and make the payments to him or we can also handle those at EscrowDNS.

[acronym007]

I just completed a transaction like this one. Here is what we did.

I wrote a contract that spelled out the details.
1. The seller, dvdrip, agrees to sell the domain name, dvdrip.com, to the buyer, smart cookie, under the following agreed upon terms.
2. Total price
a. down payment
b. monthly payments
c. plan for defaults along with payment due dates each month, say every 15th.
d. there is no interest and domain can paid off early
3. Buyer will:
a. obtain domain when total price has been paid
b. be allowed to change the DNS during the lease terms
c. not obtain ownership of the domain until the total price has been paid
4. Seller will:
a. retain domain until full payment has been made.
b. allow the buyer the right change the DNS or point the domain
c. retains ownership until buyer fulfills the total sale price
5. Misc:
a. no refunds, should the buyer default, the seller keeps the funds paid.
b buyer will be allowed to pay off domain early with no penalty.
c. ownership remains with the seller until buyer completes lease or pays off domain in full
d. the domain will not be used for porn, warez, or any other illegal and unethical products or services while under lease.


Signed:
Date:
Domain Name:

That is a brief synopsis, of course more meat should be added and both parties should sign and DATE. The only one that has a worry is the buyer, the seller maintains the domain for the duration. You could use a lawyer but there really is no need. Also, you can use Moniker.com eascrow which offers up to 12 payments with their escrow system or for extra $100 you can customize a plan.

[dvdrip]

Thanks acronym007.

Rockefeller I never got a reply to my PM.