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A lease termination letter is essential in residential rental agreements to inform the other party that a lease is ending or will not be renewed, especially if it concludes earlier than expected. Before drafting this letter, it’s crucial to understand the lease type and its timeline by reviewing the original lease agreement. For landlords, terminating a lease early can involve eviction, which has varying regulations by state regarding conditions for termination and required notice periods for tenants. It's advisable to consult state-specific rental agreement pages for detailed information on these processes.