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Financial statements

7 Property operating expenses

 

2019

2018

Taxes

8,361

7,405

Insurance

479

467

Maintenance

29,096

25,724

Valuation fees

630

598

Property management fees

4,088

3,901

Promotion and marketing

383

714

Letting and lease renewal fees

6,209

5,284

Other operating expenses

11,617

9,173

Addition to provision for bad debts

419

273

Total property operating expenses

61,282

53,539

In 2019, € 0.2 million (2018: € 0.6 million) of the maintenance expenses related to unlet properties.

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