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A month-to-month lease is a periodic tenancy that automatically renews at the end of each period until either party terminates the agreement by providing proper notice. Typically, at least 30 days' notice is required for termination to be valid. It's important for both tenants and landlords to consult state and local laws to understand specific regulations and timeframes for terminating such leases. Either party may terminate the lease agreement as long as proper notice procedures are followed.