6 Gross rental income and service charge income 20152014Theoretical rent167,986163,179Incentives(1,378)(1,431)Vacancies(3,994)(5,699)Total gross rental income162,614156,049The 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 € 4.0 million (2014: € 4.0 million) income receivable from tenants for the services of utilities, caretakers, etc. when the Fund acts as principal. Share this article