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A lease termination letter is a formal notice from either the tenant or landlord to cancel a month-to-month lease agreement, also known as a periodic tenancy. This type of tenancy renews automatically at the end of each period until either party provides a notice of termination. The letter typically includes a provision for the landlord to inspect the premises before the termination date, or on a mutually agreed date. It is recommended that the tenant be present during this inspection.