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A lease termination letter is utilized by either the tenant or the landlord to officially end a month-to-month lease agreement, also known as a periodic tenancy. This type of tenancy automatically renews at the end of each period unless either party gives notice of termination. The lease termination letter typically includes a clause allowing the landlord to inspect the property prior to the termination date, or at a mutually agreed time. It is advisable for the tenant to be present during the inspection.