King Charles III’s heir — he’s also now his landlord.The 40-year-old Prince of Wales will be earning about $785,800 in rent from his father, thanks to a home he’s inherited in Cornwall that has long been one of the new monarch’s favorite places to stay, The Sun reported.
Wills got the property, which is part of the Duchy of Cornwall’s $387 million portfolio, when the 73-year-old Charles ascended to the throne upon the Sept.
8 death of his beloved mother, Queen Elizabeth.Among the properties within the dukedom’s territories is Charles’ favorite home in Gloucestershire — Highgrove House.
Charles purchased the home in 1980, and if he would like to keep residing there, he must pay rent to the new owner, his son William.The Duchy owns roughly 128,000 acres of land and Charles is now forced to pay over $785,000 annually.A source told the outlet: “The King has a long lease and pays rent on Highgrove House and surrounding land.”Highgrove is a frequent residence of Charles.
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