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Financial statements

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.