Any Domain that has been leased or rented by you is mostly paid its fee yearly. No domain is truly owned instead paid a yearly fee to especially lease or rent it. Once you register it then you are the only person who can use it for the year you have paid. You own all the rights of your domain till you are paying for it. You can share or sell your domain at a higher cost as well if your domain is in demand. You are provided discount if you want to pay for multiple years in advance.
If you are looking forward to register your domain then it is always advisable to make use of the trusted and respected registrar. No one want to risk losing their domain so if you use an authentic registrar, you can set the domain to auto renew as you are not paying fees for multiple years up front. Which is why always use the top rated registrar as it is essential to rely and become worry-free with the assurance of being able to set it to auto renew and not loosing your domain.
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