Block management and property management are two distinct real estate management services with different focuses. Block management deals with the maintenance and management of communal areas in residential buildings or blocks of flats. This includes organizing repairs, collecting service charges, ensuring legal compliance, and managing shared facilities. The stakeholders primarily involve residents, leaseholders, the managing agent, and the freeholder or landlord. On the other hand, property management focuses on the day-to-day management of individual properties, whether residential or commercial. It involves tenant relations, rent collection, maintenance, marketing, leasing, and financial management. The stakeholders here include the property owner, tenants, and the property management company. While block management addresses the collective needs of a building's occupants, property management is concerned with the profitability and upkeep of individual properties.