Some of the basic variations and considerations are as follows:

1. What is the value of the domain name?This is a key preliminary question for a number of reasons. First of all, the amount of effort you put into a lease agreement will often depend on the value of the domain name. A relatively cheap domain name will not usually call for a lengthy agreement full of complex protections for the domain name owner (the lessor) or the lessee.

Also, a lessee of an inexpensive domain name will often be scared off by a 10 page legal document. Accordingly, the starting point for determining what kind of domain name lease agreement you need, is determining the value and importance of the domain name to both the domain name owner and the lessee.

2. Will this be a "rental" or a "lease to own" arrangement?Just like there are different kinds of car leases, such as a "walk away lease", a "balloon payment lease", and a "lease to own" or "finance" arrangement, so to are there different basic forms of a domain name lease agreement.

Google is trying to eliminate search results which contain anonymous junk webpages or plagiarized content written to trick the system. The new system, called Google Authorship, is designed to give a higher priority in the search results to trusted authors. The idea is simple - “Within search results, information tied to verified online profiles will be ranked higher than content without such verification, which will result in most users naturally clicking on the top (verified) results. The true cost of remaining anonymous, then, might be irrelevance.”  - Eric Schmidt, Chairman Google.

The new “Expired Registration Recovery Policy” (ERRP) goes into effect August 31.

This policy sets guidelines for how registrars treat expired domain names and how they must notify customers that their domains are expiring. The rules will require expiration notices be sent at particular intervals and mandate that DNS resolution be interrupted after expiration.

Domain registrars will be required to send an expiration notice about one month before expiration and another one a week before expiration. A notice is also generally required five days after expiration.

Registrars must also interrupt the DNS of an expired domain for a specific timeframe. This is common practice today — a registrar will change the nameservers to point to a parked page with a notice about how to renew the domain. This disruption quickly gets the attention of the registrant if they didn’t know their domain was expiring.

ERRP also requires a 30 day redemption grace period on non-sponsored gTLDs and requires registrars to publish pricing and information about recovering a domain during this period. The new rules include some suggest best practices. One is that registrars keep a customer email address on file that is not connected to the registered URL so that email can still be received when the DNS is disrupted.