Crown Estates rented home? Beware – it could be sold from under you

Be warned, Axminster.

“Scores of complaints have been made about rented properties on royal land and tenants have faced more than 100 evictions, a Guardian investigation has found, prompting anger over how the Queen’s £14bn property portfolio is managed.

The crown estate, which helps bankroll the Queen by giving the monarch 25% of its profits, has sought to evict 113 tenants in the past five years so they can sell their homes for profit.

It comes after it has emerged on Tuesday that the taxpayer has footed a £2.4m bill to renovate Frogmore Cottage, the Duke and Duchess of Sussex’s official residence, according to royal accounts. While the royals have no direct oversight role in crown estate’s dealings, Prince William and Prince Charles have both spoken before about the importance of ensuring good quality housing is available for all.

Figures obtained by the Guardian show that the crown estate has received more than 100 complaints about its residential properties in just two years, including grievances over rent hikes, leaks, delays in repairs and faulty electrical goods. …

An investigation using data obtained through Freedom of Information laws reveals that:

The crown estate has made £1.1bn selling off more than 700 residential and commercial properties since 2014, with one private firm subsequently hiking rent well above inflation.

More than a quarter of a million pounds has been banked by the crown estate in housing benefit from just seven hard-up tenants.

Four tenants have sued the crown estate for breach of contract, including one claim worth half a million pounds. …

Prince Charles has also spoken out in the past in favour of affordable housing for low-paid workers. In 2003, he said in a speech that “the lack of affordable rural housing is one of the most important issues facing the countryside”. …

The crown estate issued 113 “notices to quit” to residential tenants from 2014 to 2018, including 97 in rural properties, nine in Windsor and seven in central London.

Other figures also reveal that the crown estate gained more than a quarter of a million pounds in housing benefit from just seven tenants. People renting in Camden, Runnymede and Windsor and Maidenhead have let property on royal land using housing benefit paid directly to the crown estate.

Since 2014, £253,092 has been paid to the crown estate in housing benefit. The majority of the payments were for five tenants in Camden, north London. …”

https://www.theguardian.com/society/2019/jun/30/crown-estate-faces-tenants-anger-over-rent-hikes-evictions-and-repair-delays?CMP=Share_iOSApp_Other

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