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6 Gross rental income and service charge income

 

2018

2017

Theoretical rent

43,081

43,174

Incentives

(3,679)

(3,279)

Vacancies

(4,591)

(5,793)

Total gross rental income

34,811

34,102

The future contractual rent from leases in existence on 31 December 2018, until the end of the contract (accounted for on the basis of the minimum rent) can be analysed as follows:

 

2018

2017

First year

33,779

30,531

Second to fifth year

64,039

45,277

More than five years

22,622

10,823

Service charge income represents € 6.3 million (2017: € 5.9 million) income receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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