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Financial statements

7 Property operating expenses

	2018	2017
Taxes	1,980	1,663
Insurance	182	205
Maintenance	4,534	6,971
Valuation fees	73	113
Property management fees	1,083	1,046
Letting and lease renewal fees	2,755	2,731
Other operating expenses	4,459	4,596
Addition to provision for bad debts	(26)	(288)
Total property operating expenses	15,040	17,037

In 2018, € 0.1 million (2017: € 0.2 million) of the maintenance expenses related to unlet properties.