Help in Store ; Landlords Heed Pleas for Rent Flexibility

Summary

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TEESSIDE retail centres, which have seen a trend-busting surge in lettings matched by a universal increase in footfall over the crucial Christmas trading period, are moving towards flexible rental payments to help companies through the anticipated downturn.

Requests for monthly rather than upfront quarterly rents are becoming increasingly popular as tenants look to avoid the fate of Woolworths and others who are boxed in by falling sales and inflexible payment terms.

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Help in Store ; Landlords Heed Pleas for Rent Flexibility

Colin Smith, operations manager at Wellington Square shopping centre in Stockton, said requests from retailers were be...

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