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Financial statements

7 Property operating expenses

	2018	2017
Taxes	7,405	7,869
Insurance	467	222
Maintenance	25,724	25,727
Valuation fees	598	476
Property management fees	3,901	3,438
Promotion and marketing	714	432
Letting and lease renewal fees	5,284	5,877
Other operating expenses	9,173	11,374
Addition to provision for bad debts	273	425
Total property operating expenses	53,539	55,840

In 2018, € 0.6 million (2017: € 0.5 million) of the maintenance expenses related to unlet properties.