XML 33 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Rent and Other Receivables
 3 Months Ended
Mar. 31, 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 $55.4 million and $52.3 million for the three months ended March 31, 2023 and 2022, respectively. Variable lease payments for fees from single-family properties were $7.4 million and $6.1 million for the three months ended March 31, 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 March 31, 2023 (amounts in thousands):
March 31, 2023
Remaining 2023$631,538 
202498,868 
20252,256 
Total$732,662 

As of March 31, 2023 and December 31, 2022, rent and other receivables included $5.9 million and $5.0 million, respectively, of insurance claims receivables related to Hurricane Ian and Winter Storm Elliott.