The transfer must be handled by a registrar, and both the current and the new subscriber must consent to the transfer.
There are many situations where transferring a domain name can be useful. Perhaps the organization you represent has merged with another, and you want to use the existing domain name for the new organization. Or you may want to transfer the domain name to another organization or private individual. You may also want to acquire a domain name registered to someone else.
Is it OK to lend or rent your domain name to others?
It is possible to borrow or rent a domain name from others, whether they be private individuals, other businesses or professional agents offering this type of service. However, there is a certain amount of risk involved with this type of arrangement, both for the domain name holder and for the other party. The holder will always be the one who is responsible for and in control of the domain name, and holders will therefore have the power to cancel the subscription or transfer it to others. On the other hand, the holder is also the one who may be held liable if the domain name is used for illegal activity.