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Rent and Other Receivables | 9 Months Ended
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Sep. 30, 2023
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 $65.8 million and $62.0 million for the three months ended September 30, 2023 and 2022, respectively, and $167.0 million and $157.4 million for the nine months ended September 30, 2023 and 2022, respectively. Variable lease payments for fees from single-family properties were $8.0 million and $7.0 million for the three months ended September 30, 2023 and 2022, respectively, and $22.9 million and $20.0 million for the nine months ended September 30, 2023 and 2022, 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, 2023 (amounts in thousands):
| September 30, 2023
Remaining 2023 | $ | 310,113 |
2024 | 491,374 |
2025 | 12,764 |
2026 | 26 |
2027 | 26 |
Thereafter | 19 |
Total | $ | 814,322 |
As of September 30, 2023 and December 31, 2022, rent and other receivables included $1.9 million and $5.0 million, respectively, of insurance claims receivables related to Hurricane Ian and Winter Storm Elliott.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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