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A lease default letter is used to notify the other party in a rental agreement that they have violated terms, allowing the sender to cancel the lease within a specific timeframe. It is important for parties looking to end leases early, as failure to send a lease termination letter could result in continued rent liability. State laws dictate when a lease default letter should be used, so reference your lease agreement first. The document, also known as a rental agreement, outlines the terms of the lease and the rights of both the tenant and landlord.