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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.