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celebrities10h ago
King Charles quietly funding nieces Beatrice and Eugenie's below market-average-rent
- Latest: NAO reports King Charles has been funding Beatrice and Eugenie’s below-market rents from private funds.
- The rents were calculated on outdated market valuations for several years, according to the NAO.
- Rents for Eugenie and Beatrice were 64% and 68% of 2026 open market values respectively.
- Rent subsidies are paid by Charles from the Privy Purse, sourced from the Duchy of Lancaster.
- The NAO did not disclose exact amounts due to privacy concerns.
- Beatrice and Eugenie are non-working royals with regular jobs, and their rents align with property valuations.
- The Crown Estate defended lease dealings as guided by professional advice and market valuations.
- Buckingham Palace emphasized transparency in Royal Household property arrangements.
- The NAO said leases vary based on location, tenants, and purpose within occupied royal palaces.
- The NAO highlighted the rents for Beatrice and Eugenie were below market values in recent years.
- The report ties into broader scrutiny of royal housing arrangements and subsidies for non-working royals.
- The NAO report also mentions other royal leases and the Crown Estate's involvement.
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