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The disgraced former Prince, Andrew Mountbatten Windsor is entitled to nearly £500,000 compensation for the early termination of his lease on Royal Lodge in Windsor Great Park, but is unlikely to get a penny because of the dilapidation of the property, according to a letter released by the Crown Estate to MPs today.

Andrew lost his titles and the use of his home after King Charles decided continual disclosures about his longstanding association with the deceased paedophile Jeffrey Epstein was damaging the reputation of the Royal Family.

He has until the end of October next year to leave the property according to the terms of the lease. He would have been entitled to £488,342.21 but the letter states that the deterioration of the property means he is unlikely to get any money.

The lease, which was released to MPs on the Public Accounts Committee, shows that the 100 acre estate, as well as the main house, includes a front gate lodge, six other lodge gates, a gardener's cottage, a police lodge for the Royal Protection Squad, a chapel lodge and a miniature cottage.

The disclosure has led the Conservative chairman of the committee, Sir Geofrey Clinton -Brown, to decided to hold an inquiry into the Crown Estate and its relationship with the Royal Family.

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The lease made the former prince responsible for all the repairs to the properties and to maintain orchards and woodland.

Miscellaneous provisions under the lease banned auctions, public shows or spectacles and political meetings on the premises. It also banned gambling, betting or wagering on the site. Placards on building were banned and a clause added the premises should not be used for " any illegal or immoral purposes."

It discloses that the notional rent in 2002 would have been £260,000 a year but after the former prince agreed to spend £7.5 million on repairs it was reduced to a peppercorn rent which may not have been collected.

The letter says a meeting to discuss the surrender of the lease and a preliminary inspection of the property was held on November 12 - a fortnight after the King made the announcement.

Following questions from MPs, the Crown Estate has also released details of other properties occupied by the Royals in Windsor Great Park.

The Prince and Princess of Wales have signed a 20 year lease on Forest Lodge in July this year and intend to use it as their primary residence. It is being let at market rate rents, set by estate agents Hamptons and Savills.

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Prince Edward, now the Duke of Edinburgh, initially leased Bagshot Park, in 1998 for 50 years at an initial rent of £90,000 a year. He spent £1,380,000 towards renovations and the Crown Estate spent £1.6 million on repairs. In 2007 the lease was negotiated for 150 years at a premium of another £5 million.

Princess Alexandra and her family have leased Thatched Cottage Lodge in the park since 1971. The lease was renegotiated in 1995 for £670,000 with a fixed rent of £1010 a year for the first 25 years rising to £6000 for the last 25 years.

Andrew Mountabtten Windsor also leased two cottages on the Sunninghill Park near the Windsor Estate. One has been surrendered, the other, which is let to a member of his staff, has not been surre...