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A month-to-month lease is a form of periodic tenancy that automatically renews at the end of each month until either the tenant or landlord decides to terminate it. To validly terminate the lease, a notice of at least 30 days is typically required from either party. The specific rules and timeframes for termination may vary based on state and local laws, so it's important for tenants and landlords to consult these regulations for clarity on their rights and obligations regarding month-to-month leases.