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6 Gross rental income and service charge income

 

2018

2017

Theoretical rent

213,376

197,895

Incentives

(928)

(1,073)

Vacancies

(5,354)

(4,358)

Total gross rental income

207,094

192,464

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 € 5.5 million (2017: € 4.9 million) receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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