Former Prince Andrew made money subletting cottages on his rent-free estate, report shows
Summary
Prince Andrew earned money by renting out three cottages on the estate where he lived without paying normal rent for over 20 years, a report from the U.K. public spending watchdog says. The report also shows that his daughters live in palace homes with rent controlled and paid for by King Charles III.Key Facts
- Prince Andrew lived rent-free at Royal Lodge, near Windsor Castle, for more than 20 years.
- He paid only a very small fee called "peppercorn rent" for the large estate.
- The estate includes a 30-room mansion and eight cottages.
- Prince Andrew sublet three of these cottages and earned income from renting them out.
- Princess Beatrice and Princess Eugenie, his daughters, live in palace properties with rent controlled by the government.
- Their rent is paid by their uncle, King Charles III.
- The information comes from a report by the National Audit Office, which checks government spending.
- The report was released by the U.K. public spending watchdog.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.