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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 one party decides to terminate it by giving proper notice. Generally, a notice period of at least 30 days is required from either the tenant or landlord to validly terminate the lease. It is important for both parties to consult state and local laws regarding specific regulations and time constraints for terminating month-to-month leases. Proper notice is essential for either party to effectively end the lease agreement.