Why Do I Have To Renew My Domain Name. If the domain has not been renewed by the owner prior to the expiry date the domains status will be changed to what is called a Renewal Grace Period. Check the box next to Renewal Price and select OK.
You can watch a short animation of this task farther down the page. You can renew it any time before it expires. Rather than owning the domain name permanently you are renting the license from the domain registry.
Normally when your domain name is about to expire at the end of its registration period the domain name registrar will send you an email message to remind you that its time to renew.
Sometimes an unethical registrar will email a registrant a domain expiration or renewal notice warning. Your registrar must provide three renewal notices and allow a domain in Redemption Grace Period to be redeemed or renewed. This will reduce the risk of losing the domain. Their system will then automatically terminate your domain name at the end of that period and thats that.