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A lease termination letter is important in residential rental agreements to inform the other party that a lease is ending or not being renewed, especially when this occurs earlier than expected. Before writing the letter, it's crucial to understand the type of lease and its remaining duration, referring to the original lease agreement if necessary. For landlords, terminating a lease early involves eviction, which has specific state rules regarding conditions for termination and required notice. It's essential to consult your state’s rental agreement regulations for detailed guidance on these processes.