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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 either party decides to terminate it by providing proper notice. Generally, a notice period of at least 30 days is required for termination to be valid. It's important for tenants and landlords to consult state and local laws to understand the specific rules and notice requirements for terminating month-to-month leases, as these can vary by location. Both tenants and landlords have the right to terminate the lease agreement with proper notice.