The sale prices of premium generic domain names are often out of reach for the average domain investor. If you cannot simply write a check or send a wire transfer to pay for a name, it is important to know that there are other options available. One of these options is leasing the domain name with the option to buy at the end of the lease. Elliot has a great post about domain leasing and how you can benefit from a well structured deal. The most important component as a lessee is to have a solid contract in place with the option to purchase the name at the end of the lease agreement for a set price. Ideally, one would make enough money during the course of the lease to pay for the name at the end; however leasing is just one of many options that you could consider. In part 2 of this post, I will discuss some other creative financing options that are available.