oboloo Glossary

Letter Of Lease Termination

oboloo Glossary

Letter Of Lease Termination

A Letter of Lease Termination is a formal document issued by a landlord to end a rental agreement. It outlines the terms of termination, including when and how the lease will be ended, any amount owed to the landlord, and other pertinent details. These letters let both parties know that the lease has ended in a polite, professional manner. While this letter often signals the end of one relationship, it can also set the tone for future interactions between tenant and landlord. A Letter of Lease Termination can help make sure both parties understand their legal rights and obligations.