All our premium themes come with one year of product updates and support. A premium theme purchase includes a single domain license and immediate access to all new version updates and features released for your theme for one year.
When you buy a theme, you get the theme for a lifetime and you can use it on as many websites as you want because our themes are under GPL license. But, support and updates are only provided to the domain where the theme license is activated.
The renewal fee is for support and theme updates. If you want to get theme updates and support after one year, you can renew the theme license. This model is the best way we can provide world-class support, maintain themes and add requested features and enhancements.
If you don't renew the theme license, you can continue using the theme for a lifetime. The only difference would be to support and theme updates.