![Charles must now pay rent to Prince William since becoming king. Picture:](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1000 700"%3E%3C/svg%3E)
Charles must now pay rent to Prince William. Pictures: Tim Graham Photo Library via Getty
Prince William isn’t just King Charles III’s heir — he’s now also his landlord.
The 40-year-old Prince of Wales will be earning about £700,000 (A$1.2m) in rent from his father, thanks to a home he’s inherited in Cornwall that has long been one of the new monarch’s favourite places to stay, The Sun reported.
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Will 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 II.
![Charles must now pay rent to Prince William since becoming king. Picture:](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1024 768"%3E%3C/svg%3E)
Leaves on the trees changing colour in the gardens of Highgrove House near Tetbury England. Picture: Getty
![Charles must now pay rent to Prince William since becoming king. Picture:](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 768 1024"%3E%3C/svg%3E)
Charles must now pay rent to Prince William since becoming king. Picture: Tim Graham Photo Library via Getty
Among the properties within the duke’s territories is Charles’ favourite 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 $1.2m annually.
“The King has a long lease and pays rent on Highgrove House and surrounding land,” a source told The Sun.
Charles walks the grounds of Highgrove House. Picture: Tim Graham Photo Library via Getty
Charles and Princess Diana pose with their sons Prince Williams and Prince Harry in the wildflower meadow at Highgrove on July 14,1986. Picture: Getty
Prince Harry and Princess Diana play on the grounds of Highgrove in the 1980s. Picture: Tim Graham Photo Library via Getty
Highgrove is a frequent residence of Charles. He also stayed there for a brief time following the passing of his mother early last month.
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Charles is set to take up a pied-à-terre at Buckingham Palace as he undergoes his royal duties.
Other properties that are a part of the Duchy that have been passed down to William include the HM Prison Dartmoor and The Oval cricket ground in South London.
The leaves around Highgrove change with the season in autumn. Picture: Getty Images
Charles in the living room at his home in Highgrove House. Picture: Tim Graham Photo Library via Getty
Charles is also expected to take on board the Queen’s favourite vacation home Sandringham in Norfolk, United Kingdom.
Buckingham Palace unveiled a new portrait of King Charles, his wife and Queen Consort Camilla Parker Bowles, William and his wife Kate Middleton on Saturday.
![Charles must now pay rent to Prince William since becoming king. Picture:](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 768 768"%3E%3C/svg%3E)
An official portrait of King Charles, Queen Camila, Kate Middleton and Prince William taken on Sept. 18. Picture: Getty Images
The photo was taken just a day before Her Majesty’s funeral, on Sept. 18.
Even Prince George — William and Kate’s oldest son and heir to the throne — hilariously told his schoolmates that they had “better watch out,” reiterating that William will be king one day.
Katie Nicholl’s “The New Royals: Queen Elizabeth’s Legacy and the Future of the Crown” – out Oct. 4 — alleged that George, 9, made sure his peers at school knew who he was.
A view of the gardens at Highgrove House in 2013. Picture: Getty
“George understands he will one day be king and as a little boy sparred with friends at school, outdoing his peers with the killer line: ‘My dad will be king so you better watch out’”, Nicholl wrote.
“[William and Kate] are raising their children, particularly Prince George, with an awareness of who he is and the role he will inherit, but they are keen not to weigh them down with a sense of duty,” the author added.
Her Royal Highness Camilla, The Duchess of Cornwall, became the Colonel-in-Chief of The Rifles at Highgrove House in July 2020. Picture: Getty
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