A Terminate Lease Agreement Letter is an official document used to terminate an existing lease agreement. The letter must be dated and address the recipient. It should also state the reasons for terminating the agreement, followed by a signature of approval from both parties. It is important to note that the letter does not release either party from their obligation to follow all other provisions of the lease agreement that still apply after termination. Additionally, if there are any obligations or liabilities on either side, those should be addressed in the Terminate Lease Agreement Letter as well. To ensure that all parties understand the terms of the termination, it must be clear, thorough, and most importantly – legally binding.