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A month-to-month lease is a form of periodic tenancy that automatically renews at the end of each period until terminated by either party with proper notice. Typically, a notice period of at least 30 days is required for termination to be valid. It's important for tenants and landlords to consult local laws, as state and local regulations govern landlord-tenant rules regarding termination timelines. Both parties can terminate the lease agreement as long as they provide the necessary notice.