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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 termination to be valid. It's important for both tenants and landlords to consult state and local laws to understand the specific time restraints and rules governing the termination of month-to-month leases. Either party can terminate the lease agreement as long as they provide the appropriate notice.