when a parachain lease runs out then simply your parachain block producion is stop that is best block
which shown in the top of the explorer.
there is a some ways to do when your lease period runs out...
Auction Process: Before the lease period ends, an auction is typically held to determine which parachain will be allocated the slot next. This auction allows parachain projects to bid for a lease extension or a new slot on the network.
Slot Reassignment: Once the auction concludes, the winning parachain is assigned the slot previously occupied by the expiring parachain. This ensures continuous operation of the network and allows new projects to join.
Parachain Removal: After the slot is reassigned, the expiring parachain is removed from the network. This removal involves detaching the parachain's state and stopping the validation and block production activities associated with it.
State Backup: Before removal, it is common for the parachain's state to be backed up. This ensures that the historical data and state of the expiring parachain are preserved for future reference or potential reintegration.