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A lease termination letter is utilized by either the tenant or the landlord to formally cancel a month-to-month lease agreement, also known as a periodic tenancy. This type of tenancy automatically renews at the end of each period unless terminated by either party through a notice. The lease termination letter typically includes a provision that allows the landlord to inspect the premises prior to the termination date, or on a mutually agreed date. It is advisable for the tenant to be present during this inspection.