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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 from either the tenant or landlord to validly terminate the lease. It is important for both parties to consult state and local laws, as these regulations govern landlord-tenant relationships and specify the time restraints for termination. Both the tenant and landlord have the right to terminate the lease agreement by providing appropriate notice.