XML 29 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Rent and Other Receivables
6 Months Ended
Jun. 30, 2021
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 $38.0 million and $35.4 million for the three months ended June 30, 2021 and 2020, respectively, and $83.8 million and $75.4 million for the six months ended June 30, 2021 and 2020, respectively. Variable lease payments for fees from single-family properties were $5.5 million and $3.3 million for the three months ended June 30, 2021 and 2020, respectively, and $10.7 million and $7.3 million for the six months ended June 30, 2021 and 2020, 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, 2021 (in thousands):
June 30, 2021
Remaining 2021$413,500 
2022221,596 
202310,996 
202449 
Total$646,141 

    As of June 30, 2021 and December 31, 2020, rent and other receivables included $5.9 million and $0.8 million, respectively, of insurance claims receivables related to storm damages and other matters.