New godaddy policy charge $80 for not renewing your domain ontime?

PLEASE NOTE: If you do not renew your domain(s) during the 12-day Renewal Grace Period, you may incur a fee of $80.00 in addition to the domain renewal fee. During this time, the domain name(s) will be moved to parked nameservers and any website or email services associated with the domain name(s) may stop working. For further information about Domain Renewals or Cancelled Domains, review the Domain Registration Agreement.