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A lease termination letter is utilized by tenants or landlords to formally end a month-to-month lease agreement, also referred to as a periodic tenancy. This type of tenancy automatically renews at the end of each period unless either party issues 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 the inspection.