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Does anyone have any experience with "Lease-to-own" contracts made via Escrow.com or other well-known -and-trusted 3rd party?
I have a potential buyer interested in "lease-to-own" a low 5-digit range domain, as it is hard for them to afford the whole amount right now.
I checked Escrow https://www.escrow.com/services/domain-name-holding-escrow
and they have a "Domain Name Holding Purchase" agreement allowing this kind of transaction.
However, it seems that Escrow's agreement is protective of Escrow itself, but very raw on the seller's part.
1. Escrow seems not to handle the defaults, curation, nor resolution in case of defaults, leaving all that shitty work on the seller's part - I was looking for an agent that could handle defaults automatically on behalf of the seller;
2. The contract also seems not to provide any basic protection for the seller regarding potential misuses of the domain by the Purchaser during the contract (eg: trademark infringement, spamming, scamming, or illegal activities that would rip the domain and eventually even the seller).
For higher price domains, a custom contract via an attorney would probably be the way to go.
But for a low 5-digit like this one, I'm looking for something more simple, standardized, and yet protective of all parties.
If anyone carried such "lease-to-own" deals via Escrow or others, I would appreciate any feedback or even a sample of the contract you used.
I have a potential buyer interested in "lease-to-own" a low 5-digit range domain, as it is hard for them to afford the whole amount right now.
I checked Escrow https://www.escrow.com/services/domain-name-holding-escrow
and they have a "Domain Name Holding Purchase" agreement allowing this kind of transaction.
However, it seems that Escrow's agreement is protective of Escrow itself, but very raw on the seller's part.
1. Escrow seems not to handle the defaults, curation, nor resolution in case of defaults, leaving all that shitty work on the seller's part - I was looking for an agent that could handle defaults automatically on behalf of the seller;
2. The contract also seems not to provide any basic protection for the seller regarding potential misuses of the domain by the Purchaser during the contract (eg: trademark infringement, spamming, scamming, or illegal activities that would rip the domain and eventually even the seller).
For higher price domains, a custom contract via an attorney would probably be the way to go.
But for a low 5-digit like this one, I'm looking for something more simple, standardized, and yet protective of all parties.
If anyone carried such "lease-to-own" deals via Escrow or others, I would appreciate any feedback or even a sample of the contract you used.