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Revenues | 3 Months Ended
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Mar. 31, 2021
Revenues [Abstract] |
Revenues | Note 8. Revenues Rental revenues for the three months ended March 31, 2021 and 2020, respectively, comprise the following:
|  | Three months ended March 31, |
|  | 2021 |  |  | 2020 |
Base rents |  | $ | 24,015,000 |  |  | $ | 25,762,000 |
Expense recoveries |  |  | 8,348,000 |  |  |  | 8,555,000 |
Percentage rent |  |  | 565,000 |  |  |  | 296,000 |
Straight-line rents |  |  | 131,000 |  |  |  | 43,000 |
Amortization of intangible lease liabilities, net |  |  | 277,000 |  |  |  | 459,000 |
Total rents |  | $ | 33,336,000 |  |  | $ | 35,115,000 |
The Company reviews the collectability of charges under its tenant operating leases on a regular basis, taking into consideration changes in factors such as the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area where the property is located. During 2021 and 2020, the Company’s assessment has specifically included the impact of the COVID-19 pandemic, which represents a material risk to collectability. In the event that collectability with respect to any tenant changes the Company recognizes an adjustment to rental income. The Company’s review of collectability of charges under its operating leases includes any accrued rental revenues related to the straight-line method of reporting rental revenue. During 2021 and 2020, the Company identified various tenants where collection was no longer considered probable. The determination to record revenue on a cash basis and write off any outstanding straight-line receivable from these various tenants reduced net income $0.1 million for the three months ended March 31, 2021. In addition, during the three months ended March 31, 2021, $0.5 million of billed charges, consisting of rent and tenant reimbursements, were unpaid, and based on the Company’s determination to record revenue on a cash basis for these tenants, these amounts were not recorded as revenue for the three months ended March 31, 2021.

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