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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 decides to terminate it with proper notice. Typically, a minimum of 30 days' notice is required for valid termination by either the tenant or landlord. It's important for both parties to consult local and state laws to understand specific time constraints and regulations regarding the termination of month-to-month leases. Overall, either the tenant or landlord can terminate the lease agreement with the appropriate notice.