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7 Property operating expenses

 

2017

2016

Taxes

1,663

1,591

Insurance

205

80

Maintenance

6,971

3,530

Valuation fees

113

55

Property management fees

1,046

904

Letting and lease renewal fees

2,731

3,288

Other operating expenses

4,596

3,602

Addition to provision for bad debts

(288)

275

Total property operating expenses

17,037

13,325

In 2017, € 0.2 million (2016: € 0.2 million) of the maintenance expenses related to unlet properties.

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