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7 Property operating expenses

 

2017

2016

Taxes

7,869

7,669

Insurance

222

162

Maintenance

25,727

23,276

Valuation fees

476

748

Property management fees

3,438

3,136

Promotion and marketing

432

436

Letting and lease renewal fees

5,877

4,958

Other operating expenses

11,374

6,852

Addition to provision for bad debts

425

493

Total property operating expenses

55,840

47,730

In 2017, € 0.6 million (2016: € 0.5 million) of the maintenance expenses related to unlet properties.

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