This letter will notify the recipient that he/she/they are in breach of an option agreement.
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To: {Name} {Address} {City, State, Zip}
Dear {Recipient},
Because of {reasons for this letter}, you are in violation of the option agreement you signed on {date}, with regard to the property located at {address}. As a result of this breach, any option, rights, title and interest is terminated.
You have {number} days from your receipt of this letter to surrender possession of the property.
Sincerely,
{Sender}
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