Prince Andrew refuses to maneuver out of residence as his ‘name is on lease’
P
rince Andrew has no intention of leaving his Royal Lodge residence as a result of he nonetheless has 80 to 90 years left on the lease, based on experiences.
King Charles, 74, is known to have requested his youthful brother to maneuver out of the 30-room Windsor mansion, the place he has lived for the previous 20 years.
The property has reportedly been earmarked for the Prince and Princess of Wales and their three kids.
But a royal supply has denied Andrew, 63, was making ready to give up the 98-acre property, and as an alternative will see out the lease he signed in 2003.
The palace insider informed The Times: “The lease is in the duke’s name so no one can take that away from him”.
“It has never been suggested that it could be taken away from him. It’s a long lease with 80 to 90 years left on it.
“This is a lease between him and the Crown Estate. That’s not a matter for the King. It’s a matter for the chancellor of the exchequer. The only way you could get him to move out would be through an arrangement — he would have to agree.”
It follows experiences the King plans to slash a £250,000 annual grant his brother obtained from the Queen. King Charles has management of the £652million Privy Purse.
Andrew, who depends on the allowance since he left front-line royal duties in 2019, moved into the Grade II-listed home in Windsor Great Park following the loss of life of the Queen Mother in 2002.
The lease settlement required Andrew to hold out, at his personal expense, refurbishments estimated at £7.5million.
It additionally offered for a premium fee of £1million to the Crown Estate.
Under the phrases of the settlement, permitted by the National Audit Office, the Duke could not profit financially from any enhance within the worth of the property because the freehold belongs to the Crown Estate.