Andrew Mountbatten-Windsor receives £302k after surrendering Royal Lodge lease

Summarised from 2 outlets · Updated 9 Oct, 13:55 · Archive

Andrew Mountbatten-Windsor has been granted £302,000 in compensation after surrendering his lease on Royal Lodge in Windsor more than 50 years early.

Andrew Mountbatten-Windsor has received £302,000 in compensation following the official surrender of his lease on Royal Lodge in Windsor. The former prince contributed £1.8 million towards repair and restoration works as the lease was relinquished more than 50 years ahead of schedule. Under the conditions of his lease agreement, he qualified for the compensation payment because he gave it up within the initial 25-year period.

The National reports that the King made money available to his brother through his private income to ensure the Crown Estate was reimbursed. Following deduction of the £302,000 compensation, the Crown Estate received £1.5 million from the £1.8 million in dilapidation costs. In December last year, the Crown Estate had told MPs it was not believed Andrew would receive compensation once repair and restoration costs were taken into account, but a thorough assessment was needed post-occupation.

A Crown Estate spokesperson said: 'The lease for Royal Lodge has ended and our focus now is firmly on its future use and the opportunities to generate additional financial value for the nation from its early return.' The compensation clause was added into the lease terms because of Andrew's 2005 payment of £7.5 million for refurbishment at the 30-room property. The property will now be marketed by nationally recognised agents.

How it is being reported

• Andrew granted £302,000 compensation after surrendering Royal Lodge leaseAndrew Mountbatten-Windsor has been granted £302,000 in compensation after the lease on his former Royal Lodge home in Windsor was officially surrenderedThe National · 9 Oct, 13:19
• Andrew Mountbatten-Windsor given £302k compensation after Royal Lodge moveThe former prince has been granted £302,000 after the lease on his former Royal Lodge home in Windsor was officially surrendered more than 50 years earlyDaily Record · 9 Oct, 11:39

In this story: Andrew Mountbatten-Windsor · Crown Estate · Royal Lodge · Windsor · King

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