diff --git a/contracts/nns/config.yml b/contracts/nns/config.yml
index d336597d..87353939 100644
--- a/contracts/nns/config.yml
+++ b/contracts/nns/config.yml
@@ -18,3 +18,5 @@ permissions:
   - hash: fffdc93764dbaddd97c48f252a53ea4643faa3fd
     methods: ["update"]
   - methods: ["onNEP11Payment"]
+overloads:
+  renewDefault: renew
diff --git a/contracts/nns/contract.go b/contracts/nns/contract.go
index 7042f8fd..ce3e1595 100644
--- a/contracts/nns/contract.go
+++ b/contracts/nns/contract.go
@@ -72,6 +72,8 @@ const (
 	millisecondsInSecond = 1000
 	// millisecondsInYear is amount of milliseconds per year.
 	millisecondsInYear = int64(365 * 24 * 3600 * millisecondsInSecond)
+	// millisecondsInTenYears is the amount of milliseconds per ten years.
+	millisecondsInTenYears = 10 * millisecondsInYear
 )
 
 // RecordState is a type that registered entities are saved to.
@@ -461,16 +463,30 @@ func saveDomain(ctx storage.Context, name, email string, refresh, retry, expire,
 	putSoaRecord(ctx, name, email, refresh, retry, expire, ttl)
 }
 
-// Renew increases domain expiration date.
-func Renew(name string) int64 {
+// RenewDefault increases domain expiration date for 1 year.
+func RenewDefault(name string) int64 {
+	return Renew(name, 1)
+}
+
+// Renew increases domain expiration date up to the specified amount of years.
+func Renew(name string, years int) int64 {
+	if years < 1 || years > 10 {
+		panic("invalid renewal period value")
+	}
 	if len(name) > maxDomainNameLength {
-		panic("too long name")
+		panic("invalid domain name format")
 	}
-	runtime.BurnGas(GetPrice())
+	runtime.BurnGas(int(GetPrice()) * years)
 	ctx := storage.GetContext()
 	ns := getNameState(ctx, []byte(name))
 	ns.checkAdmin()
-	ns.Expiration += millisecondsInYear
+	ns.Expiration += millisecondsInYear * int64(years)
+
+	fragments := splitAndCheck(name)
+	// TLDs are not subject to this check.
+	if len(fragments) > 1 && ns.Expiration > int64(runtime.GetTime())+millisecondsInTenYears {
+		panic("10 years of expiration period at max is allowed")
+	}
 	putNameState(ctx, ns)
 	return ns.Expiration
 }
diff --git a/tests/nns_test.go b/tests/nns_test.go
index 99f71eff..e4f68527 100644
--- a/tests/nns_test.go
+++ b/tests/nns_test.go
@@ -401,16 +401,25 @@ func TestNNSRenew(t *testing.T) {
 
 	const msPerYear = 365 * 24 * time.Hour / time.Millisecond
 	b := c.TopBlock(t)
-	ts := b.Timestamp + uint64(expire*1000) + uint64(msPerYear)
+	renewalPeriod := int64(2)
+	ts := b.Timestamp + uint64(expire*1000) + uint64(msPerYear)*uint64(renewalPeriod)
 
 	cAcc := c.WithSigners(acc)
-	cAcc.InvokeFail(t, "not witnessed by admin", "renew", "testdomain.com")
-	c1.Invoke(t, ts, "renew", "testdomain.com")
+	cAcc.InvokeFail(t, "not witnessed by admin", "renew", "testdomain.com", renewalPeriod)
+	c1.Invoke(t, ts, "renew", "testdomain.com", renewalPeriod)
 	expected := stackitem.NewMapWithValue([]stackitem.MapElement{
 		{Key: stackitem.Make("name"), Value: stackitem.Make("testdomain.com")},
 		{Key: stackitem.Make("expiration"), Value: stackitem.Make(ts)},
 		{Key: stackitem.Make("admin"), Value: stackitem.Null{}}})
 	cAcc.Invoke(t, expected, "properties", "testdomain.com")
+
+	// Invalid renewal period.
+	c1.InvokeFail(t, "invalid renewal period value", "renew", "testdomain.com", 11)
+	// Too large expiration period.
+	c1.InvokeFail(t, "10 years of expiration period at max is allowed", "renew", "testdomain.com", 10)
+
+	// Default renewal period.
+	c1.Invoke(t, ts+uint64(msPerYear), "renew", "testdomain.com")
 }
 
 func TestNNSResolve(t *testing.T) {