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A lease termination letter is crucial in residential rental agreements, signaling that a lease is ending or will not be renewed. It's important to know when to send one, considering the lease's term. Review the lease agreement to identify its status. For landlords, early termination may lead to eviction, which involves specific rules and notice periods that vary by state. It's essential to familiarize yourself with the rental regulations in your area before proceeding. Overall, understanding the correct process and timing is key to ensuring a smooth transition when terminating a lease.