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Financial statements

7 Property operating expenses

	2015	2014
Taxes	7,419	7,048
Insurance	184	189
Maintenance	18,961	19,757
Valuation fees	395	470
Property management fees	2,966	2,984
Promotion and marketing	792	962
Letting and lease renewal fees	4,001	3,636
Other operating expenses	5,481	5,293
Addition to provision for bad debts	815	583
Total property operating expenses	41,014	40,922

In 2015, € 0.5 million (2014: € 0.5 million) of the maintenance expenses related to unlet properties.