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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 one party gives proper notice to terminate the agreement. Typically, a minimum of 30 days' notice is required from either the tenant or landlord to validly terminate the lease. It's important for both parties to consult local laws, as these regulations govern landlord-tenant relationships and may specify different time restraints for termination. Either the tenant or landlord can terminate the lease with appropriate notice.