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A lease termination letter is a formal document that must be provided by either a landlord or tenant to notify the other party of the intent to terminate a lease. This letter is applicable primarily for standard one-year contracts and month-to-month leases. The type of letter varies based on the lease agreement; for instance, a 30-day termination letter is typically used for one-year leases. The video tutorial aims to guide property owners and managers on how to create an effective lease termination letter, providing essential information and insights on the process.
