Financial statements

7 Property operating expenses

 20142013
Taxes1,1621,166
Insurance8090
Maintenance751951
Valuation fees166159
Property management fees715787
Promotion and marketing165117
Letting and lease renewal fees296228
Other operating expenses949738
Addition to provision for bad debts347297
Total property operating expenses4,6314,533
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In 2014, € 0.2 million (2013: € 0.1 million) of the maintenance expenses related to unlet properties.

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