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When a tenant issues a 30-day notice letter, it signifies a significant shift in the landlord-tenant relationship. As a landlord, it's vital to manage this process effectively. In the video, Sydney, a landlord and real estate investor, outlines key steps to ensure a smooth transition following a tenant's notice. The first step is to review the lease agreement, which serves as the legal framework for the tenancy, detailing terms regarding tenant termination and notice periods. By thoroughly examining this document, landlords lay the groundwork for managing the transition properly, ultimately benefiting both parties involved.
