XML 32 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Rent and Other Receivables
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Rent and Other Receivables Rent and Other ReceivablesIncluded 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 $62.0 million and $52.7 million for the three months ended September 30, 2022 and 2021, respectively, and $157.4 million and $136.5 million for the nine months ended September 30, 2022 and 2021, respectively. Variable lease payments for fees from single-family properties were $7.0 million and $6.0 million for the three months ended September 30, 2022 and 2021, respectively, and $20.0 million and $16.7 million for the nine months ended September 30, 2022 and 2021, 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 September 30, 2022 (amounts in thousands):
September 30, 2022
Remaining 2022$287,284 
2023496,844 
202427,539 
202527 
Total$811,694 

Rent and other receivables included $2.3 million of insurance claims receivables related to Hurricane Ian as of September 30, 2022 and $1.9 million of insurance claims receivables related to Winter Storm Uri as of December 31, 2021.