After a domain name expires, it remains dormant for a particular time period before it is open for re-registration. A grace period ranging from one week to one year is provided by most of the registrars. Nevertheless, actual grace period can be different for both an individual registrar and domain name extension.Grace period mostly, is succeeded by the redemption period, which stretches from two weeks to 30 days. During this very period, registrant can make efforts to renew the domain name. All you have to do is pay a redemption fee that includes the domain’s renewal fee. In case the current registrant skips both the grace period and redemption period, the domain name can go for a bid. Participating in the auction is another opportunity when you can grab the hold of domain name. If neither of the above mentioned things happens to a domain name, it gets returned to the registry. Then the registry decides when it has to be released again for registration. Upon release from the registry, it can be registered.