Prince Andrew has not paid rent on his Windsor mansion for two decades, according to a lease obtained by the The Times.

In a copy of a leasehold agreement for the Royal Lodge shared by the British newspaper, it is revealed that Prince Andrew has paid “one peppercorn (if demanded)” in rent per year, since 2003. He and his family are entitled to live in the property until 2078, per the outlet.

Prior to the reveal of the lease agreement, it was reported that Prince Andrew paid £1 million for the lease on the property, along with at least £7.5 million for refurbishments in 2005, per The Independent, citing the tenancy agreement released by The Crown Estate.

If Prince Andrew gives up his lease, The Crown Estate would need to pay him £557,595, The Times reports. Per the outlet, a “compensatory sum” of £185,865 a year would be due to Andrew until he reached the 25th year of the agreement in 2028.

Royal Lodge in Windsor Great Park.shutterstock

The news comes nearly one year after author Robert Hardman that King Charles instructed the Keeper of the Privy Purse to eliminate Prince Andrew’s £1 million annual personal allowance and to stop paying for his personal security, in an excerpt covered by The Daily Mail from the updated version of Hardman’s book, Charles III: New King. New Court. The Inside Story.

The Sunday Times later reported that Prince Andrew had raised enough money to continue living at the Royal Lodge.

Prince Andrew’s funds were approved by the Keeper of the Privy Purse as coming from legitimate sources, according to the outlet.

Prince Andrew attends the traditional Easter Sunday Matins Service at St George’s Chapel, Windsor Castle on April 20, 2025.Max Mumby/Indigo/Getty

Although Prince Andrew has a private tenancy agreement with The Crown Estate, he announced in a statement released by Buckingham Palace on Friday, Oct. 17 that he will no longer use his title or honors as it distracts from the work of King Charles and the royal family.

“In discussion with The King, and my immediate and wider family, we have concluded the continued accusations about me distract from the work of His Majesty and the Royal Family,” said the statement. “I have decided, as I always have, to put my duty to my family and country first. I stand by my decision five years ago to stand back from public life.”

“With His Majesty’s agreement, we feel I must now go a step further. I will therefore no longer use my title or the honours which have been conferred upon me,” Prince Andrew’s statement continued. “As I have said previously, I vigorously deny the accusations against me.”

Prince Andrew arrives for the Requiem Mass service for Katharine, Duchess of Kent at Westminster Cathedral on September 16, 2025.Jordan Pettitt – Pool/Getty

An act of parliament would be required to officially strip Prince Andrew’s titles.

Andrew’s announcement comes amid renowned interest in his connection to convicted sex offender Jeffrey Epstein, who died in jail in 2019 while awaiting trial on federal conspiracy and sex trafficking charges.

After he announced that he would give up use of his royal titles and honors, multiple reports suggested that Prince Andrew asked his police protection officer to uncover information about Virginia Giuffre, who filed a sexual assault lawsuit against him that was eventually dismissed. He settled with Giuffre, who died by suicide earlier this year, out of court for an undisclosed sum.