Domainnamesystems:
Terms of sale
The process
Domain holders are notified by email twice , once at the beginning of the month prior to expiry, and again, at the beginning of the month of expiry to the email address listed in the customer account. Further another email is sent on the date of expiry by the registry to the admin contact email shown in Whois.
We then allow 10 days, after which time we remove the domain name from the user account, and offer it for sale to our customer base.
The previous domain holder may at any time prior to resale, contact customer service to renew their expired name, for our current normal registration/renewal fee. If the domain name has been resold, the previous domain holder has no rights to the name from that point forward.
The domain names are offered on a declining scale valuation basis, with them becoming less expensive with each passing week they are listed. There are no holds, or guarantees that you will be able to purchase a name. The system is a first come , first serve basis. Systems failures and internet connectivity issues will not be addressed as a valid reason for a name purchase failure. If it goes through, its yours (subject to the below conditions), if not, its not yours.
Upon successful purchase, the domain name is then renewed for 1 year, and transferred to the new domain holder, subject to the conditions listed below.