What Happens When The Prince Of Wales Is Your Landlord?

Nansledan is a residential community in the southwestern corner of England. Residents of Nansledan have to abide by some rules, such as painting their homes and doors in certain colors, and no fast-food chains should be set up, only local businesses. It just happens that these rules must be followed because your landlord, the Prince of Wales, told you so. Having Prince Charles as your landlord in Nansledan is no surprise, as the community is a project taken by the Duchy of Cornwall, as The New York Times details: 

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Nansledan, which will eventually have about 4,000 homes, could be the most ambitious project undertaken in the 700 years of the Duchy of Cornwall, the patchwork of properties spread across England, covering more than 200 square miles, that provides an income to the Prince of Wales.

A dukedom within a kingdom, the duchy was created in 1337 by Edward III for his eldest son, Prince Edward (known after his death as the Black Prince, perhaps because of the color of his armor). Prince Edward became the first Duke of Cornwall and the Prince of Wales, but he was never king — he died, probably of an illness, at age 45 while his father was still on the throne.

Most of the time since then, the duchy has passed to the eldest surviving son of the monarch, who is also heir to the throne and holds the title of the Duke of Cornwall.

Since 1952, that has been Prince Charles. At age 71, he has been in charge of the duchy longer than anyone before him (thanks to his mother, still reigning at age 93).

The duchy, which receives rent from tenants that include farmers, homeowners and shopping centers, earned 21 million pounds, or about $28 million, for the year that ended in March 2019, and Charles shared some of that income with his two sons and their families.

image via The New York Times

Source: neatorama

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