What is the purpose of a lease termination letter?

The purpose of a lease termination letter is to formally notify a tenant that their lease will not be renewed. This letter serves as an official communication that outlines the landlord's intention to end the tenancy at the conclusion of the lease term, providing clarity for both the landlord and tenant. It ensures that the tenant is aware of the timeframe in which they need to vacate the premises and helps to prevent any misunderstandings regarding the lease status.

In the context of property management, this letter is essential for maintaining clear records and adhering to legal obligations concerning tenant notifications. Without such a notice, tenants may assume they can continue occupying the property, leading to potential disputes.

The other choices involve different scenarios that do not align with the primary function of a lease termination letter. For instance, negotiating lease terms, informing tenants about rent changes, or providing lease renewal offers are entirely separate processes that relate to different aspects of leasing and tenancy management.