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7 Property operating expenses

 

2016

2015

Taxes

7,669

7,419

Insurance

162

184

Maintenance

23,276

18,961

Valuation fees

748

395

Property management fees

3,136

2,966

Promotion and marketing

436

792

Letting and lease renewal fees

4,958

4,001

Other operating expenses

6,852

5,481

Addition to provision for bad debts

493

815

Total property operating expenses

47,730

41,014

In 2016, € 0.5 million (2015: € 0.5 million) of the maintenance expenses related to unlet properties.

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