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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. Typically, a 30-day notice is required from either the tenant or landlord for the termination to be valid. It is important to consult state and local laws, as they govern landlord-tenant rules and may have specific requirements regarding notice periods. Both parties can terminate the lease agreement as long as they provide the required notice.