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Andrew's Royal Lodge Exit: No Payday Ahead

Summary

  • Prince Andrew may forfeit over $644,000 payment.
  • Financial payout depends on property's condition.
  • King Charles will fund Andrew's new residence.
Andrew's Royal Lodge Exit: No Payday Ahead

Prince Andrew faces a potential financial shortfall as he prepares to vacate the Royal Lodge after more than two decades. He was tentatively slated to receive over £488,000, approximately $644,000 USD, upon his departure.

However, this sum is conditional on the Crown Estate's assessment that no extensive repairs or dilapidations are necessary. Since Andrew holds a 75-year lease and is expected to cover any refurbishing or maintenance, this significant sum is likely to be forfeited.

While Andrew is not without a roof over his head, his accommodation costs at his new residence in Sandringham will be covered by his brother, King Charles. Meanwhile, his ex-wife, Sarah Ferguson, who also resided at the Royal Lodge, must secure her own housing arrangements.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
The payment is conditional on the property not requiring any end-of-tenancy repairs, for which he is responsible.
Prince Andrew will move to Sandringham, with his accommodation funded by King Charles.
Yes, Sarah Ferguson, Prince Andrew's ex-wife, is also moving out and will need to find her own new residence.

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