Prince Harry and Meghan Markle have reportedly saved £690,000 thanks to a deal that meant they didn't have to pay any rent on Frogmore Cottage. The deal was apparently established when the couple paid £2.4million to refurbish the property.
When they moved in back in 2019, it was expected that they'd have to pay a "commercial rate" for rent. The estimated rental value of the cottage is between £150,000 to £230,000 annually, which means the Sussexes may have spent the last three years saving approximately £690,000.
The Mirror reported that earlier this month, Harry and Meghan had been asked to leave Frogmore Cottage - and they won't renew their lease when it expires later this month. The deal with Buckingham Palace considered the increase to the value of the property following the work done should be taken as “rent in lieu”, the Mail on Sunday reports.
