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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 terminates the agreement by providing proper notice. Typically, a notice period of at least 30 days must be given by either the tenant or landlord for the termination to be valid. It's important for both parties to consult local laws governing landlord-tenant relationships, as these may specify additional regulations regarding lease termination. Both the tenant and landlord have the right to terminate the agreement with the necessary notice.