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A lease termination letter is used by either the tenant or landlord to formally end a month-to-month lease agreement, also referred to as a periodic tenancy. This type of tenancy renews automatically at the end of each period unless a termination notice is given by either party. The termination letter typically includes a clause permitting the landlord to inspect the premises prior to the termination date or another agreed-upon date. It is advisable for the tenant to be present during the inspection.