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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. Generally, a notice of at least 30 days is required for termination to be valid, although specific time restraints may vary based on state and local laws. Both tenants and landlords should consult their local regulations regarding the termination of month-to-month leases, as either party can initiate termination with appropriate notice.