According to Prince Andrew‘s recently revealed lease, he has not paid rent on his Windsor mansion for two decades.
A copy of a leasehold agreement for the Royal Lodge was obtained by The Times, which revealed that Prince Andrew, 65, has paid “one peppercorn (if demanded)” in rent per year since 2003. Andrew and his family, including ex-wife Sarah Ferguson, can live in the property until 2078.
It was previously reported by The Independent that Andrew paid £1 million (approximately $1.6 million) for the lease on the property in addition to around £7.5 million (approximately $11.6 million) for re
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