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A lease termination letter is utilized by either the tenant or landlord to signal the cancellation of a month-to-month lease agreement, also known as a periodic tenancy, which automatically renews at the end of each period unless a termination notice is given. The letter typically outlines a provision for the landlord to inspect the premises prior to the termination date, or on another mutually agreed date. It is advisable for the tenant to be present during this inspection.