7 Property operating expenses

 20142013
Taxes7,0486,176
Insurance189235
Maintenance19,75722,914
Valuation fees470487
Property management fees2,9842,974
Promotion and marketing962733
Letting and lease renewal fees3,6362,959
Other operating expenses5,2935,579
Addition to provision for bad debts583694
Total property operating expenses40,92242,751
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In 2014, € 0.5 million (2013: € 0.5 million) of the maintenance expenses related to unlet properties.

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