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6 Gross rental income and service charge income

 

2015

2014

Theoretical rent

167,986

163,179

Incentives

(1,378)

(1,431)

Vacancies

(3,994)

(5,699)

Total gross rental income

162,614

156,049

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 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.

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