6 Gross rental income and service charge income 20162015Theoretical rent180,677167,986Incentives(1,042)(1,378)Vacancies(4,128)(3,994)Total gross rental income175,507162,614The 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 represents € 4.4 million (2015: € 4.1 million) income receivable from tenants for the services of utilities, caretakers, etc. when the Fund acts as principal. Share this article