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A lease default letter is a document used to notify the other party in a rental agreement that they have violated the terms, allowing the sender to cancel the lease within a specific timeframe. It is essential for parties looking to end leases before the scheduled date to avoid liability for rent owed. Checking the lease agreement is crucial in determining when to send a lease default letter, as state laws limit its use to specific situations. The lease agreement, signed by both tenant and landlord, outlines the terms of the lease and governs its execution.