Why it matters
Under the ERRP, registrars must send at least two renewal notices before expiry and one more after deletion. Registries must offer a 30-day Redemption Grace Period, when the owner can restore the name for a fee. Sellers should know this because an expired listing can come back. Buyers should know that a name in redemption is not for sale. Do not assume a name is free just because it has expired.
Source: icann.org
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