Traditional leasing models are being turned on their heads as retailers try to adapt to the ever changing landscape. 

The latest retailer to do this is WH Smith, who is asking landlords to accept rental payments in arrears, rather than advance, in order to assist with  cashflow.

Retailers say that market conditions are forcing them to seek a more "collaborative" relationship with landlords. For example, last year we saw H&M offer landlords "total occupational deals" (where they offered the landlords a fixed amount, often linked to turnover - but it is then up to the landlord to split it between rent/service charge etc as it sees fit). 

We will have to see how this latest move will be received by landlords. It will not be popular, but landlords may not have much choice.