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	13/02/2012	Egi, Annabel Dixon - Dreams beds down for monthly deal

	Monthly rent concession

	Dreams and Comet have become the latest tenants to seek monthly rent concessions from their landlords. Dreams is negotiating with the landlords of its 288-strong portfolio to switch around 50 of its properties to a pay monthly basis. Chief executive Nick Worthington has sent a letter to landlords with a deed of variation already signed by him. "We have an open dialogue with our landlords and regularly review the shape of our property portfolio," said a company spokesman. Comet is also approaching landlords across its 243-strong portfolio asking to switch from quarterly to monthly rents. A Comet spokesman said: "Like many retailers, we review the terms and conditions of our existing leases on a regular basis."

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Monthly rent concession