A lease buyout letter is a document that businesses can use to inform tenants of their intent to acquire the remaining term of the lease or to terminate it by purchasing the remaining balance. The letter outlines the terms of the buyout and allows the tenant to make an informed decision on whether they would like to accept the offer or not. It also provides clarity to both parties, lowering the potential for misunderstandings or miscommunication. By writing a clear and concise buyout letter, landlords and tenants can quickly ensure that everyone understands the conditions of the agreement.