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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.

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