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Release of Lease

Is there something called a 'release of lease'?  We had a tenant let us know she was moving out mid-Sept.  She helped us find a new tenant who has signed a new lease from Nov 1 - July 31 (remainder of first girl's lease).  She has taken all of her belongings 1.  Can I just write a letter that she is 'released from her lease' 2.  Can I use her security deposit to pay for her unpaid October rent?  Thanks, Sheri
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I just used the mutual termination, which allowed the tenant to be released from the lease.
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