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A month-to-month lease is a form 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 is important for tenants and landlords to consult local and state laws, as these regulations govern the terms of such leases. Both parties have the right to terminate the agreement, provided they follow the proper notification procedures.