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When a tenant sends a 30-day notice letter, it's an important moment in the landlord-tenant relationship. Understanding how to manage this process is essential for landlords. In the video, Sydney, a landlord and real estate investor, outlines key steps for handling a tenant's notice. The first step is to review the lease agreement, which serves as the legal framework for the tenancy. It contains terms regarding tenant termination and required notice periods. By thoroughly reviewing this document, landlords can ensure a smooth transition for both parties involved.