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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 notice period of at least 30 days is required for valid termination by the tenant or landlord. It is important to consult local and state laws regarding landlord-tenant rules to understand specific time restraints related to terminating month-to-month leases. Both the tenant and the landlord have the right to terminate the lease agreement by providing the necessary notice.