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Financial statements

7 Property operating expenses

	2017	2016
Taxes	1,663	1,591
Insurance	205	80
Maintenance	6,971	3,530
Valuation fees	113	55
Property management fees	1,046	904
Letting and lease renewal fees	2,731	3,288
Other operating expenses	4,596	3,602
Addition to provision for bad debts	(288)	275
Total property operating expenses	17,037	13,325

In 2017, € 0.2 million (2016: € 0.2 million) of the maintenance expenses related to unlet properties.