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A lease default letter is a formal notice used when one party breaches the terms of a rental agreement. This letter informs the other party that the sender may terminate the lease within a specified time. It is especially crucial for those planning to end leases before their scheduled date. For instance, tenants leaving a property early due to a landlord's breach might still be liable for rent if they don't send this letter. State laws limit the circumstances under which a lease default letter is appropriate, so it's important to refer to the lease agreement, which outlines the governing terms and conditions for both tenants and landlords.
