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A termination letter is a written document used by one party in a lease agreement to officially end the tenancy before the specified term. Tenants may initiate this due to reasons like relocating, finding a better apartment, lifestyle changes, or landlord issues. Landlords may issue a termination notice to occupy the premises, sell them, or due to health hazards or lease violations by the tenant. Writing a termination letter is important as it often fulfills legal requirements and provides evidence of the termination in case of future disputes regarding eviction in court.