What is Property management System? Briefly describe various modules of PMS in Facility Management.

A Property Management System (PMS) is a suite of software applications designed to manage the day-to-day operations of real estate properties, particularly in the context of commercial or residential facilities. It streamlines tasks associated with leasing, maintenance, tenant relations, and financial management, ensuring that properties are efficiently managed and operated. In the context of facility management, a PMS plays a critical role in enhancing operational efficiency, reducing costs, and improving tenant satisfaction.

A PMS helps property owners and facility managers oversee a variety of tasks such as tracking maintenance schedules, managing leases and rent collection, overseeing property inspections, and maintaining compliance with relevant regulations. It integrates multiple processes into one system, allowing for real-time updates, better communication, and data centralization. By automating many manual processes, a PMS reduces the chance of errors, saves time, and ensures consistency in service delivery. 

In Facility Management, PMS provides a technological backbone to manage not just the physical property but also the services and interactions within it, facilitating both operational and strategic management. The system usually comprises various modules that address different aspects of facility and property operations.

### Various Modules of a Property Management System in Facility Management

1. Lease and Contract Management  
   This module is designed to handle all aspects related to leasing and tenant agreements. It tracks lease start and end dates, rental terms, escalations, renewals, and terminations. By managing these details, the module ensures that lease agreements are properly maintained and up-to-date. It can automatically alert managers about important milestones, such as lease expiration or rent reviews. This helps prevent lease-related disputes and ensures that both tenants and property owners are aware of their obligations and rights.

2. Maintenance Management  
   The maintenance module is critical for ensuring the upkeep of the property. It handles both preventive and corrective maintenance activities, ensuring that _____ _______ _____ __________ _____ _____ _______ _________.
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