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6 Gross rental income and service charge income

 

2015

2014

Theoretical rent

42,001

38,090

Incentives

(850)

(301)

Vacancies

(2,433)

(2,127)

Total gross rental income

38,718

35,662

The future contractual rent from leases in existence on 31 December 2015, until the end of contract (accounted for on the basis of the minimum rent) can be analysed as follows:

 

2015

2014

First year

41,897

40,422

Second to fifth years

147,815

119,019

More than five year

54,627

75,574

Service charge income represents € 2.0 million (2014: € 1.9 million) income receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.

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