Renting out domains

[Ed30]

Hi,

Renting out domain names - is it a good or bad idea? Has anyone got any experiences of this?

Thanks

Ed

 

[DotComster]

Better than keeping them idle. Even for free you lose nothing - domain just gets more popular and links. A friend of mine had his site blocked by his proxy by mistake - took 2 months to clear up. In that time he use a spare domain I had - then went back to his domain when the problem was resolved.

My domain is now back - and gets over 100 visitors daily because the site it used to replace was a huge forum.

Just mind they take good care of it while it's "rented" - if used for spam it can be fined. and you might also be held resoncible for anything the peopl who rent your domain do.

 

[ebess]

Make sure that you have a lawyer write up a contract wherin they agree to be held legally responsible for all the content on the site in the event that you are sued. I forget the correct legalise for it, but it is a fairly common type of clause

Also, I'd recommend getting 6 months rent up front. And the one thing that I wish I'd done last time was to put provisions in the contract for late fees if they stop paying you..

 

[GeorgeK]

Indemnity clause

 

[GeorgeK]

(indemnity clauses aren't enough, though, as they might have insufficient assets to indemnify you from the risk; you'd want a clause whereby you can block content from appearing on the site that you deem, in good faith, to be illegal, etc.)

 

[ebess]

very wise point, GeorgeK!