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A lease default letter notifies the other party in a rental agreement of a breach and indicates the sender's intent to cancel the lease within a specified timeframe. This letter is vital for parties wishing to terminate leases early, as failing to send one can result in continued liability for rent. State laws restrict the circumstances under which a lease default letter is applicable. If unsure about sending one, refer to the lease agreement, which outlines the terms and conditions governing the lease. It is essential for both tenants and landlords to understand their rights and obligations as stipulated in the rental agreement.
