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A month-to-month lease is a periodic tenancy that automatically renews at the end of each period until one party provides proper notice to terminate. Typically, a notice of at least 30 days is required from either the tenant or landlord for the termination to be valid. It's essential for both parties to consult state and local laws, as these govern landlord-tenant rules and may dictate specific termination timeframes. Overall, both the tenant and landlord have the right to terminate the lease agreement by giving appropriate notice.