Trump’s Mar-a-Lago Neighbors Charge Above-Market Rent to US Government

The Trump administration is renting three houses near Mar-a-Lago for $13.3 million, a sum greater than half of the properties’ estimated market value and a steep markup from the rates it paid in the same Palm Beach neighborhood five years ago.

The General Services Administration in February signed four-year leases for two of the homes and a five-year lease for the third, all within two blocks of President Donald Trump‘s Florida resort, according to GSA records. Administration officials declined to say how the properties will be used, or answer questions about the rental agreements.