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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, at least 30 days' notice is required from the tenant or landlord to validly terminate the lease. It's important for both parties to consult state and local laws to understand any specific time restraints regarding the termination of month-to-month leases. Proper notice allows either the tenant or landlord to end the agreement.