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Financial statements

7 Property operating expenses

 

2019

2018

Taxes

1,326

1,980

Insurance

230

182

Maintenance

4,770

4,534

Valuation fees

124

73

Property management fees

895

1,083

Letting and lease renewal fees

2,072

2,755

Other operating expenses

3,658

4,459

Addition to provision for bad debts

132

(26)

Total property operating expenses

13,207

15,040

In 2019, € 0.8 million (2018: € 0.1 million) of the maintenance expenses related to unlet properties.

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