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Financial statements

7 Property operating expenses

 

2019

2018

Taxes

1,828

1,859

Insurance

182

166

Maintenance

2,005

1,441

Valuation fees

142

167

Property management fees

974

935

Promotion and marketing

312

493

Letting and lease renewal fees

999

961

Other operating expenses

1,460

1,590

Addition to provision for bad debts

519

446

Total property operating expenses

8,421

8,058

In 2019, € 0.3 million (2018: € 0.2 million) of the maintenance expenses related to unlet properties.

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