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How Could Beatrice and Eugenie Inherit the Royal Lodge?
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How Could Beatrice and Eugenie Inherit the Royal Lodge?

Royal Pavilion It became a hot topic of conversation between Prince Andrew and King Charles latest fight over property. While Andrew has reportedly found the money to stay in the Windsor home (at least for now), the fight over housing has left people wondering: What will happen to him when he’s gone?

It is believed that the Duke of York wanted to leave the house to his two daughters. Princess Beatrice and Princess EugenieHowever, one real estate expert is concerned about the possibility of this actually happening.

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Despite having secured a 75-year lease from the Crown Estate, Robin Edwards of London property buying agency Curetons said: Great Britain News That Andrew could leave the Royal Lodge to his daughters only on one condition.

“As long as Prince Andrew continues to pay the non-trivial maintenance costs of maintaining the Royal Lodge under the terms of his 2003 lease, King Charles and the freeholder of the Crown Estate will not be able to evict him or his descendants.” Edwards explained.

“The 75-year lease requires Andrew, in lieu of rent, to undertake the refurbishment of the Royal Lodge at his own expense,” Edwards continued, adding that costs were estimated in 2002 at “a conservative estimate of £7.5 million (US$9.5 million) “Costs are likely to increase significantly over time and inflation since then,” he added.

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a renewal Edwards notes that the Royal Lodge faces “chipping stonework and peeling paint,” among other problems such as mold.

Edwards shared that most of the interiors have not been updated since the late Queen Mother moved into the property in the 1950s, but Princess Beatrice’s husband, Edoardo Mapelli Mozzi, founder and CEO of property development and interior design firm Banda, has done so. The property is assisting with renovations.

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Earlier this month it was reported that Andrew had found enough money to stay at the Royal Lodge but still At least $320,000 is needed for renovations. It’s unclear where he got the money, but the crown has allowed him to stay on the property for now. “Prince Andrew’s money is understood to have been confirmed as coming from legitimate sources by Sir Michael Stevens, the owner of the private wallet.” the Times has been reported previously.