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A month-to-month lease is a periodic tenancy that automatically renews each month until terminated by either party with proper notice. Typically, a notice period of at least 30 days is required for termination to be valid. It is essential for tenants and landlords to consult local and state laws to understand specific regulations and timeframes regarding the termination of month-to-month leases. Both parties retain the right to end the lease agreement, provided they adhere to the notice requirements.