Princesses Eugenie and Beatrice have lived rent-free for two decades at the King\u2019s expense despite not being working royals, it has been revealed.<\/p>\n<\/div>\n
The daughters of disgraced Andrew Mountbatten-Windsor have had their rents covered at both of their properties funded by their uncle Charles.<\/p>\n<\/div>\n
A report from the National Audit Office revealed that while living at Royal Lodge for a peppercorn rent for over 20 years, Mr Mountbatten-Windsor was also renting out three cottages on the property and pocketing the profits himself.<\/p>\n<\/div>\n
Sign up to The Nightly’s newsletters.<\/p>\n
Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.<\/p>\n
By continuing you agree to our Terms<\/a> and Privacy Policy<\/a>.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n It appears his daughters have also not been shy of taking advantage of the lucrative royal housing situation.<\/p>\n<\/div>\n Eugenie rents Ivy Cottage on the Kensington Palace grounds, with the 36-year-old, who is currently pregnant with her third child with husband Jack Brooksbank, splitting her time between the cottage in the UK and a $6.7 million mansion in Portugal.<\/p>\n<\/div>\n Meanwhile, Beatrice resides in a four bedroom, three bathroom apartment in St James\u2019 Palace in central London with husband Edoardo Mapelli Mozzi and their two daughters.<\/p>\n<\/div>\n Royal Household policy is to charge an adjusted rent of 60 per cent of the open-market value for non-working members of the royal family.<\/p>\n<\/div>\n However, the audit found the sisters rents had been based on out-of-date valuations. Until this year, Eugenie\u2019s rent was based on a 2018 valuation and Beatrice\u2019s on a 2020 valuation.<\/p>\n<\/div>\n However, neither princess, who are both employed and have rich husbands, would have been affected by the rate rise given the King\u2019s funding for their accommodation.<\/p>\n<\/div>\n![\"Andrew](\"https:\/\/images.thenightly.com.au\/publication\/C-22389237\/ee5bbfc0446665cb8f55c7b7c131182cbee79e3d.webp?imwidth=200)
<\/picture>