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Financial statements

6 Gross rental income and service charge income

 

2017

2016

Theoretical rent

197,895

180,677

Incentives

(1,073)

(1,042)

Vacancies

(4,358)

(4,128)

Total gross rental income

192,464

175,507

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 € 4.9 million (2016: € 4.4 million) receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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