Retail landlords are confident they can relet any Dick Smith stores that may be closed because of the sale of the business by Woolworths.

But to offset any legal action from the landlords, Woolworths has allocated AUD300 million (USD318.4m) for the payment of rent on stores that close.

Real estate broking analysts said the closure of up to 100 Dick Smith stores would have a minimal impact on landlords because the leases are all long term and, if terminated early, landlords would have to be paid out.