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When a tenant submits a 30-day notice letter, it represents a significant change in the landlord-tenant relationship. Managing this process effectively is essential for landlords. In the video, Sydney, a landlord and real estate investor, outlines the crucial steps to take upon receiving such a notice to ensure a smooth transition. The first step is to review the lease agreement, which serves as the legal framework for the tenancy. This document outlines the terms and conditions regarding tenant termination and notice requirements, ensuring that both parties are clear on their rights and obligations as the transition process begins.
