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What is the difference between Facility Management & Property Management?

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Question added by Bahjat Dada , Branch Manager , Al Khaleej Investment
Date Posted: 2015/12/09
Ahmed El Kettani
by Ahmed El Kettani , Managing Partner , Business Realties

Facility Management has to do more with the technical aspect of managing a property, while property management deals also with leases, treasury management as well as legal aspects. A property manager would have a broader scope of work than a facility manager, and would have to draft and renew lease contracts, and therefore would typically know all tenants personally. In short, facility management is part of property management, while the opposite is not correct.

Ahmad Al-Amoudi
by Ahmad Al-Amoudi , Admin & Facility Supervisor , Tatweer Educational Transportation Company (TTC)

There are many terms reflect Facility Management such as Building Management, Property Management, Real Estate Management, Asset Management, etc...

 

However Facility Management is general term and it contains multi functions such as: Property Management, Real Estate Management (from a trading perspective), Operations and Maintenance, Technology, Business Continuity and Emergency Management, Finance and Business, Project Management, Quality, HR, Security, Hospitality, etc...

zeeshan khan
by zeeshan khan , IFM Project Manager , Red Sea International company

According to me this is so simple as ,, 

property management mean care of building for the sake of owner,( maintenance or rent collecting )

facility management mean care of building for the sake of people living in (safety+maintenance + security +providing facility )  

Facility Management works for the people who uses the property and Property Management works for who owns the property.

Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

Facility Management is a broader terms which includes building maintenance, facilities operation, relationship  management  and financial overview.

Property Management is somewhat similar as above depending upon the size of the facility, but also includes renting out and  rent collection on behalf of building owner.

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