XML 28 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Rent and Other Receivables
6 Months Ended
Jun. 30, 2020
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 $35.4 million and $35.3 million for the three months ended June 30, 2020 and 2019, respectively, and $75.4 million and $75.3 million for the six months ended June 30, 2020 and 2019, respectively. Variable lease payments for fees from single-family properties were $3.3 million and $3.5 million for the three months ended June 30, 2020 and 2019, respectively, and $7.3 million and $6.5 million for the six months ended June 30, 2020 and 2019, 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, 2020 (in thousands):
June 30, 2020
Remaining 2020$382,221  
2021202,327  
20228,637  
202334  
Total$593,219  

        As of December 31, 2019, rent and other receivables also included $2.7 million of hurricane-related insurance claims receivable, which was fully collected during the three months ended March 31, 2020.