Do I need to pay for a license when updating from an old version to the newest version of BeTheme

No - updates are included with the original purchase

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I have several 16.3 installations. How do I properly update them to the most current edition?

Check the documentation.

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Hi @Talahi

You can use Envato Market WordPress Plugin. This plugin helps customers receive updates to their premium wordpress Themes & Plugins purchased through Envato Market (ThemeForest & CodeCanyon).
you can download the plugin from here:

Using this Envato Market WordPress Plugin you will see:

  1. Latest version (need to update version) number
  2. Details view option for the latest version

Note: Better to keep a full backup before update done