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Tenancy law is different in different countries but the "property management company taking over" part is neither here nor there. For the UK, if you do not have a rental agreement in place then as a tenant you are (strangely) very well protected by the law from eviction and the landlord has very few rights at all. However, a good management company will come and meet with you and ask you to sign an appropriate tenancy agreement, which will be better for everyone in the long term.

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Q: What happens when property management company takes over and you have no rental agreement?
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