Nope.NameSpace extends the registration by a year when you move it.
They also offered a private registration for free the first year and
it is pretty cheap after that to maintain it.

http://www.namecheap.com/domains/transfer-a-domain.aspx

Keep in mind you have to transfer a week or two before you expire -
again this is all from what I remember a month or so back, but
NameSpace has it all laid out pretty clearly if you to go their site.

On Thu, Apr 12, 2012 at 10:43 AM, cory fro <[email protected]> wrote:
> Do you have to wait till a domain expires before you can renew it on a
> different provider?
>
>
> On Thu, Apr 12, 2012 at 10:12 AM, Michelle McGinnis
> <[email protected]> wrote:
>>
>> GoDaddy also gets pretty expensive once you add in private registration -
>> it's an extra $10/year. I wouldn't consider registering a domain without it
>> so no GoDaddy for me. I like NameCheap too.
>>
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