.net domains belong to the global domains. .net domains can be registered by any person or company.
.net domains are registered for yearly periods. After the registration period, the domain must be renewed for another year. After the registration period elapses, the domain will be visible in your administration panel for 30 more days. During this time you can still renew the domain.
Transferring a .net domain involves a fee. The domain is not renewed for 1 year after the transfer.
Changing ownership of a .net domain is free of charge and can be performed any time in your administration panel.