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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 decides to terminate the agreement with proper notice. Typically, a notice period of at least 30 days is required for termination to be valid. It is important for both tenants and landlords to consult local and state laws to understand specific time constraints related to terminating month-to-month leases. Either the tenant or landlord can initiate the termination, provided they give the necessary notice.