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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, a 30-day notice is required from either the tenant or landlord for the termination to be valid. It's important for both parties to consult state and local laws regarding landlord-tenant rules to understand the specific time restraints related to terminating month-to-month leases. In summary, either the tenant or landlord can terminate the lease agreement by providing the appropriate notice.