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A lease termination letter is utilized by either the tenant or landlord to formally terminate a month-to-month lease agreement, also called a periodic tenancy. This type of tenancy automatically renews at the end of each period, unless either party provides notice of termination. The letter typically includes a clause allowing the landlord to inspect the property prior to the termination date, or at a mutually agreed time. It is advised that the tenant be present during this inspection.