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A lease termination letter serves to notify either the tenant or landlord about the cancellation of a month-to-month lease agreement, also called a periodic tenancy. This type of tenancy automatically renews at the end of each period unless a notice of termination is given by either party. The letter typically includes a clause allowing the landlord to inspect the premises prior to the termination date, or on a mutually agreed date. It is advisable for the tenant to be present during the inspection.