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A lease termination letter is utilized by either the tenant or landlord to officially cancel a month-to-month lease agreement, often referred to as a periodic tenancy. This type of tenancy automatically renews at the end of each period until a termination notice is given by either party. The lease termination letter typically contains a clause permitting the landlord to inspect the property before the termination date or another mutually agreed date. It is advisable for the tenant to be present during this inspection.