As I write this answer, there are three existing answers. One says no, two say yes.
The yes answers are incorrect.
Legally speaking, when you register a domain name, you do not own it. You lease it from the registrar. The registrar owns it, and the registrar can terminate your lease under certain circumstances (including if you fail to renew it by paying the registration fee or if a trademark owner makes a WIPO claim against you).
While you are leasing it, you have control over it, but it is a lease. If you don’t pay the renewal fee, you lose that control.
Nixuz always serve domain registration service in a easy way.