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A lease termination letter is utilized by either the tenant or the landlord to indicate the cancellation of a month-to-month lease agreement, also known as a periodic tenancy. This type of tenancy automatically renews after each period unless either party issues a notice of termination. The letter typically contains a clause permitting the landlord to inspect the premises before the termination date or any mutually agreed date. It is advisable for the tenant to be present during the inspection.