I recall a time when a company I had association with lost their main domains due to a failed renewal. In this case it was a long-term employee who left the company that had loads of company bills going to his card. He cancelled the card sometime after he left and the domains were not renewed. I’m not sure where the renewal failure emails were going but probably some unmonitored admin email box. These were very impor…
They got lucky, because if it were me and I left on mild terms I would be invoicing them $50k a year to renew their domain.
The fact that you can doesn't give you a right to do so and in this case it is pretty clear that you would be acting maliciously.
I've seen such 'tricks' up close a couple of times and judges tend to take a very dim view of this kind of behavior.