You shouldn't have to continue to pay for hosting for the site you are getting rid of, just keep renewing the domain name and then 301 it to the new site and you should be fine.
Moz Q&A is closed.
After more than 13 years, and tens of thousands of questions, Moz Q&A closed on 12th December 2024. Whilst we’re not completely removing the content - many posts will still be possible to view - we have locked both new posts and new replies. More details here.