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A month-to-month lease is a type of periodic tenancy that automatically renews at the end of each period until either party terminates the agreement with proper notice. Typically, a notice period of at least 30 days is required for termination to be valid. It is important for tenants and landlords to consult state and local laws, as these govern the rules surrounding landlord-tenant relationships and may specify different time restraints for terminating month-to-month leases. Both tenants and landlords have the right to terminate the lease agreement by providing the appropriate notice.