Property Management can be defined as "the establishment of an appropriate framework within which to oversee property holdings to achieve agreed short and long-term objectives, having regard to the purpose for which the estate is held". Property, or Estate management, is widely interpreted as being concerned with the administration of tenanted land or property.

The profession of property management is concerned with such matters as Lettings; Rent Reviews and Rent collection; Repairs and maintenance; and Insurance. The primary objective of the property manager is to maximise financial returns, thereby enhancing capital value.

Facilities Management can be defined as "the practice of co-ordinating the physical workplace with the people and work of the organisation, integrating the principles of business administration, architecture and behavioural and engineering sciences". It is about "planning, providing and managing productive work environments".

The profession of facilities management is concerned with managing an organisation's non-core activities in line with their principal objectives. It requires a broad and thorough understanding of the business operation. The primary objective of the facilities manager's role is planning for the future business requirements and organisational change, together with the allocation of resources in a competitive and demanding business environment