Prince William and Princess Catherine’s annual rent has been revealed amid previous reports of fellow family members’ “peppercorn” deals. The couple moved into their family home, which has been dubbed their “forever home”, with their three children last November.
The Times has since revealed the couple’s annual rent £307,500 a year. It had previously been revealed that William and Catherine signed a 20-year lease on the property, but the rental details had been kept out of the public realm.
The details come as it was previously revealed the some members of the Royal Family pay “peppercorn” rent on their royal properties.
Peppercorn rent is a legal term describing the symbolic payment of rent paid by someone to the Crown Estate.
The amount is taken so it satisfies the legal requirements of the contract, but it is so low an amount that its function is more symbolic than anything else. Royals that had benefited from the arrangement includes Andrew Mountbatten-Windsor and Prince Edward.
Andrew, 66, had been paying “peppercorn” rent at his former home, Royal Lodge.
Edward, who lives at his Bagshot Park residence with Duchess Sophie, initially leased his property for 50 years for £5,000 a year in March 1998.
The sum later went up to £90,000 a year after Edward paid £1.36 million to help renovate the property, with the Crown Estate covering the rest of the £3 million refurbishment costs.
Speaking of William and Catherine’s home in Windsor, HELLO!’s Online Royal Correspondent Danielle Stacey said: “The Prince and Princess of Wales clearly love living in Windsor, the children are settled at Lambrook School nearby, and they will still be close to Windsor Castle for royal functions and engagements.”
The couple previously lived at Adelaide Cottage between 2022 and 2025.
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‘ Some details of this article were extracted from the following source www.express.co.uk ’
