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Prince William Weighs Rent-Free Leases as Duchy of Cornwall Modernizes

Using private monthly visits, he has recast the 128,000-acre estate around a ‘positive impact’ motto.

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Overview

  • Prince William inherited the Duchy of Cornwall in 2022 and recorded a £23.6 million surplus for the year to March 2024.
  • He introduced the motto “Positive impact for people, places and planet” to align estate activities with his philanthropic goals.
  • The duke conducts private visits every four to six weeks, leveraging WhatsApp and video messages to stay connected with tenants and staff.
  • Following tenant requests, he has explored rent-free tenancies but faced pushback over financial and accounting limits.
  • Staff commend his “healthy impatience” and demanding standards, crediting him with driving greater transparency after rent-charging controversies.