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Financial statements

7 Property operating expenses

	2017	2016
Taxes	1,872	1,315
Insurance	163	164
Maintenance	1,428	1,738
Valuation fees	159	85
Property management fees	898	811
Promotion and marketing	273	195
Letting and lease renewal fees	686	498
Other operating expenses	1,375	1,221
Addition to provision for bad debts	40	544
Total property operating expenses	6,894	6,571

In 2017, € 0.1 million (2016: € 0.2 million) of the maintenance expenses related to unlet properties.