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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 terminated by either party with proper notice. Typically, a 30-day notice is required for termination to be valid. It's important for tenants and landlords to consult local laws, as they govern the rules surrounding landlord-tenant agreements, including time restraints for termination. Both parties have the right to terminate the lease with proper notification.