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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 notice of at least 30 days is required from either the tenant or the landlord for termination to be valid. It's important for both parties to consult state and local laws to understand specific regulations and timeframes regarding the termination of month-to-month leases. Either party can terminate the lease agreement, provided they give the appropriate notice.