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Financial statements

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.