Recently, we have added a number of domains to our Domains For Sale page, and we included an option of renting a domain. This has lead to us having a few questions asked about the merits and advantages, together with the dis-advantages of using a domain in this way. All the questions were perfectly valid, and we’ll run over a few of the issues in this post, and explain in greater depth, what happens when you rent a domain.
Renting a domain is a bit like renting a car. You don’t own it, but have the right to use it for a set period of time. You don’t have to worry about the maintenance, the renewals, or the technical bits, as this is all taken care of for you. But you do get the exclusive right to us it, as you please (but keeping it legal).
When a domain is renting out, we change the Nameservers so as they point to your hosting. This is a simple process, and something that we handle for you. You are then free to add your website to the domain, and begin trading online. For the whole of the rental period, you are the exclusive user of that domain, and we do not continue marketing the domain. At the end of the rental agreement, you can choose to renew, or cancel your subscription.
Advantages of renting a domain:
The only renewal you need to worry about, is that of the subscription. Failing to renew, will mean the domain will no longer point to any site you have made.
Try before you buy. If you like the look of the domain, but don’t know if it would suit your business, or if your business is a start up and your unsure of the future, renting can be a great advantage. If during the rental period you decide its great for you, then you have the option to purchase, at a reduced price.
All the technical aspects of owning a domain are managed for you.
Options of choosing between a 6 month or 1 year subscription, with an exclusive offer of renewal or purchase. Purchase before the end of your agreement, and any remaining balance on your rental would be deducted form the final purchase price.
Disadvantages of renting a domain:
You don’t own the domain, and are tied by the subscription agreement.
We understand that renting a domain is not for everyone, but for some people it is a great option to get started with a website. Our list of domains available to rent or purchase is always changing, so be sure to check back often and see what is new.
Fell free to contact us with any questions, or comments, and we will answer as quick as we can.Tweet