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6 Gross rental income and service charge income

 

2022

2021

Theoretical rent

276,209

256,783

Incentives

(608)

(615)

Vacancies

(4,369)

(5,763)

Total gross rental income

271,232

250,405

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 € 7.6 million (2021: € 6.8 million) receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as a principal.