A Lease Termination Document is a legal agreement between two parties – usually a landlord and tenant – which formally ends the lease contract. This document provides a record of when and why the lease was terminated, and outlines any agreements or responsibilities that remain ended. It is important to have such a document as it can act as evidence in case of a dispute over the termination of a lease and the disposal of property. Having a Lease Termination Document also helps ensure that both parties have a clear understanding of their rights and obligations after the termination of the lease.