6 Gross rental income and service charge income

 20142013
Theoretical rent44,67543,794
Incentives(2,283)(1,865)
Vacancies(4,472)(4,145)
Total gross rental income37,92037,784
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The future contractual rent from leases in existence on 31 December 2014, until the end of the contract (accounted for on the basis of the minimum rent) can be analysed as follows:

 20142013
First year38,49036,697
Second to fifth year95,70898,286
More than five years17,95425,952
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Service charge income represents € 6.6 million (2013: € 8.2 million) income receivable from tenants for the services utilities, caretakers, etc. when the Fund acts as principal.

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