James Whatling / MEGA TheMegaAgency.com Prince William and Kate Middleton's Forest Lodge rental agreement has been revealed. It was initially believed that the estate was going to be the Waleses' "forever home," but The Crown Estate announced that the couple doesn't own the property. "Their Royal Highnesses The Prince and Princess of Wales hold a 20-year non-assignable lease with The Crown Estate for Forest Lodge, commencing 5 July 2025," a Public Accounts Committee (PAC) of the House of Commons briefing said. "Previously a 'grace and favor' residence, it was returned to The Crown Estate by HM Queen Elizabeth II in the early 1990s and has since been let on the open market," it continues." "Following an approach from HRH The Prince of Wales and discussions with the Royal Household, the Commissioners were asked to consider entering into a lease of the Property to TRH The Prince and Princess of Wales for use as their primary private residence," the briefing continued. James Whatling / MEGA TheMegaAgency.com The Crown Estate commissioned independent valuations to ensure the contract was held at a fair standard. "Negotiations were conducted on an arm's length basis, to ensure appropriate market terms were agreed. Two independent valuers (Hamptons and Savills) were appointed by The Crown Estate to provide valuations of the Property and to review the final Heads of Terms," it said. Before the document was published, insiders claimed that William and Kate plan to stay at Forest Lodge once they ascend to the throne. "The new house marks a new era for the family," a source told Us Weekly. "The decision to move into this new home is a significant one that signals independence, though it is not entirely surprising." MEGA TheMegaAgency.com The source later hinted at William and Kate relocating to Forest Lodge to maintain a sense of normalcy for their three kids, Prince George, Princess Charlotte and Prince Louis. "They have witnessed how the role of monarch can consume one's entire being," the source noted. "While they take their responsibilities very seriously, they are not afraid to say no when necessary." "To outsiders, it may seem like a big move for the royals to not live in Buckingham Palace, but to insiders, it is not surprising," they continued. "King Charles has not lived there for a long time either and prefers to spend time outside of London." The post Will and Kate's lease terms revealed appeared first on Wonderwall.com.