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A lease default letter is a document notifying a party in a rental agreement of a breach of terms, allowing the sender to potentially cancel the lease within a specified timeframe. It is crucial for parties wishing to terminate leases early, such as tenants leaving a property due to the landlord's breach; failing to send this letter could keep tenants liable for rent until the lease ends. State laws restrict when a lease default letter can be issued, making it essential to review the lease agreement—signed by both landlord and tenant—as it outlines the governing terms and conditions of the lease.