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08/08/2008
British Retail Consortium requests discussion on rent |
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As the current economic downturn is putting pressure on retailers to meet their running costs, the campaign for landlords to change leases to allow rent to be paid monthly has taken another step forward.
Propertyweek.com reported that Stephen Robertson, the director general of the British Retail Consortium, had written to the British Property Federation's chief executive, Liz Peace, requesting a meeting to discuss how the debate on monthly rents could be resolved.
Mr Robertson said that he was trying to encourage landlords to modernise existing leases to give retailers more breathing space.
David Fischel, chief executive of Liberty International, the largest shopping centre landlord in the UK, said that he had not received any requests for rents to be changed.
Existing leases, Mr Fischel said, "have been voluntarily entered into by grown ups and should be adhered to".
According to propertyweek.com, the builders merchant Travis Perkins is planning to contact its landlords to ask if they can pay their rent monthly. |
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