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Financial statements

6 Gross rental income and service charge income

 

2019

2018

Theoretical rent

235,529

213,376

Incentives

(687)

(928)

Vacancies

(4,934)

(5,354)

Total gross rental income

229,908

207,094

The Fund leases its property investments in the form of non-cancellable operating leases. The nature of the theoretical rent has an indefinite duration because there are no fixed contract periods.

Service charge income amounted to € 6.3 million (2018: € 5.5 million) receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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