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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.

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