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A month-to-month lease is a type of periodic tenancy that automatically renews each month until either party decides to terminate it by providing 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 regulations regarding notice periods and termination of month-to-month leases. Both parties retain the right to terminate the lease agreement as long as they give the required notice.