Princess Beatrice and Princess Eugenie both have access to homes
within royal palaces but their rent is paid by their uncle, King
Charles.
The two princesses, who aren’t working members of the Royal
Family, have homes inside palaces which are subject to rent
payments. These are set at around 60% of the market rate for the
local area. However, a new report has revealed that neither
Beatrice nor Eugenie actually pay the rent themselves. Instead, it
is covered by The King.
The new investigation, by the National Audit Office, looked at
how properties inside palaces and residences belonging to the Crown
Estate are used.
Princess Beatrice, 37, has lived at an apartment inside St.
James’s Palace, for nearly twenty years. In 2012, it was agreed she
would pay rent on the property which is understood to have four
bedrooms. However, the report shows that rent payments are covered
by King Charles. Beatrice and her husband, Edoardo Mapelli Mozzi,
also have a private home in the Cotswolds.
Princess Eugenie, 36, rents Ivy Cottage at Kensington Palace
although her payments are also covered by The King. The princess,
who is expecting her third baby, splits her time between London and
Portugal where she and her husband, Jack Brooksbank, have a
home.
The report also found that their father, Andrew
Mountbatten-Windsor, had been making money by subletting three
cottages in the Royal Lodge development where he lived for over
twenty years.
The former prince surrendered the lease on the property last
autumn although he didn’t leave until January this year when he
moved to a home on the Sandringham estate which is privately owned
by King Charles III.
The report could not find out how much Andrew had made in rent
while subletting.
It also discovered that Andrew could be due compensation of
£301,000 for giving up his lease early. This will be set against
money needed for repairs to the property following his departure
and it’s believed these will cancel out the compensation.
The NAO report showed that five working royals live in
properties leased from the Crown Estate. The Prince and Princess of
Wales have just taken a 20 year leases on Forest Lodge on the
Windsor Estate. The Duke and Duchess of Edinburgh rent Bagshot Park
while Princess Alexandra, who turns 90 later this year, rents
Thatched Lodge at Richmond.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source royalcentral.co.uk ’
