The Expired Registration Recovery Policy (ERRP) regulates how domain name registrars handle expiring domain names. Expired Registration Recovery Policy | ICANN: Redemption Grace Period
3.1. With the exception of sponsored gTLD registries, all gTLD registries must offer a Redemption Grace Period ("RGP") of 30 days immediately following the deletion of a registration, during which time the deleted registration may be restored at the request of the RAE by the registrar that deleted it. Registrations deleted during a registry's add-grace period, if applicable, should not be subject to the RGP.
3.2. During the Redemption Grace Period, the registry must disable DNS resolution and prohibit attempted transfers of the registration. ICANN-approved bulk transfers and permitted partial bulk transfers are not subject to the prohibition of attempted transfers. The registry must also clearly indicate in its Whois result for the registration that it is in its Redemption Grace Period.
3.3. Registrars must permit the RAE to redeem a deleted registration during RGP (ifRGP is offered by the respective registry)." (read more at link above)
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