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A lease termination letter is utilized by either the tenant or landlord to notify the other party of the termination of a month-to-month lease agreement, also known as a periodic tenancy. This type of tenancy renews automatically at the end of each period until either party provides notice of termination. The letter typically includes a provision for the landlord to inspect the premises before the termination date or at an agreed-upon time. It is advisable for the tenant to be present during the inspection.