The renting contract for the British housing of the Duchess of Sussex is a “profit” for taxpayers, senior palace sources said.
Megan and Harry paid £ 2.4m to cover the refurbishment and rent of Frogmore Cottage at Home Park Estate in Windsor Castle. This is a property that may have been used only once since it moved to the United States two years ago.
The couple is funding the general maintenance of the old home, such as the maintenance of the garden. Soveringland is a monarchy and royal building construction financing system that effectively acts as a “landlord” and takes on major tasks like a regular renter’s landlord. relationship.
Frogmore, a Grade II property owned by Crown Estate, was a gift from Harry’s grandmother, the Queen.
Senior royal sources said rents were “calculated with reference to market valuations of real estate of that nature.”
“That is, this is an independent assessment and is being tested in the market.”
Sources added that the Board of Audit and the Treasury were “satisfied” with the method of accounting for transactions and the “commercial interests” of Soveringland.
“I can confidently say that this is a good deal for both soveringland and taxpayers.”
A few minutes drive from Windsor Castle, the property has undergone extensive work to return the five properties to a single dwelling for couples, with all fixtures and fixtures paid personally by the Duchess and Duchess. I was.
Harry’s cousin Princess Eugenie and her family are believed to have been used in early June when Sussex returned to England to celebrate Queen’s Platinum Jubilee with children Archie and Liribet. It is believed that you are staying at.
Sources say: “All $ 2.4 million has been received and fully accounted for in the Sovereignland account. There is no deferred income and everything is recognized.
“And we say it fulfills their current rental obligations under license, and we don’t go into the commercial details of the arrangement as we are not for other rental properties. , So we don’t say which period we covered. “
When asked if the Queen was paying rent on behalf of Sussex in fiscal years 2021-22, or for real estate refurbishment, sources added: , There was no sovering land spending associated with Frogmore Cottage. “
Harry and Megan set up a multi-million-pound home and launched a non-profit foundation after resigning as a royal family working for financial freedom, establishing a new life in the celebrity outskirts of Montecito, California. ..
The couple also signed a lucrative deal between Spotify and Netflix, which would be worth well over £ 100 million, and provided funding to pursue new lifestyles and public goals.