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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, either the tenant or landlord must provide at least 30 days' notice for the termination to be valid. It's important for both parties to consult state and local laws regarding landlord-tenant regulations to understand the specific time frames and requirements for terminating a month-to-month lease. Proper notice from either party ensures a valid termination of the lease agreement.