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6 Gross rental income and service charge income

 

2017

2016

Theoretical rent

43,174

45,381

Incentives

(3,279)

(2,324)

Vacancies

(5,793)

(8,317)

Total gross rental income

34,102

34,740

The future contractual rent from leases in existence on 31 December 2017, until the end of the contract (accounted for on the basis of the minimum rent) can be analysed as follows:

 

2017

2016

First year

30,531

30,725

Second to fifth year

45,277

51,890

More than five years

10,823

8,980

Service charge income represents € 5.9 million (2016: € 6.0 million) income receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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