Rent and Other Receivables |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rent and Other Receivables | Rent and Other Receivables Included in rents and other single-family property revenues are variable lease payments for tenant charge-backs, which primarily relate to cost recoveries on utilities, and variable lease payments for fees from single-family properties. Variable lease payments for tenant charge-backs were $47.4 million and $45.8 million for the three months ended June 30, 2024 and 2023, respectively, and $104.7 million and $101.2 million for the six months ended June 30, 2024 and 2023, respectively. Variable lease payments for fees from single-family properties were $8.1 million and $7.4 million for the three months ended June 30, 2024 and 2023, respectively, and $16.1 million and $14.8 million for the six months ended June 30, 2024 and 2023, respectively. The Company generally rents its single-family properties under non-cancelable lease agreements with a term of one year. The following table summarizes future minimum rental revenues under existing leases on our properties as of June 30, 2024 (amounts in thousands):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||