Sarah wants to buy the premium domain name example.com to start a new business. Historically example.com may have earned an average of $250 a month from parking. Sarah and George (the owner of example.com) agree on a sale price of $60,000 but Sarah doesn’t have the cash to buy the domain. Sarah and George then agree to a domain lease containing the following terms:
— Domain Lease Period: 3 years — Down Payment: $7,500 — Lease Payment: $500/Mo — Purchase Option: $34,500