Ivanka Trump and Jared Kushner are paying $15,000 a month to rent their DC home from a billionaire feuding with the US government

Ivanka Trump and Jared Kushner are living in a nearly 7,000-square-foot rental home in the Kalorama neighborhood of Washington, DC. They don't own the home, however.

They're renting it from billionaire landlord Andrónico Luksic, who bought the home for $5.5 million through a shell company in December. The Chilean national is renting the home to the family for a sum of $15,000 a month, the Wall Street Journal reported after obtaining newly released documents.

He is also the owner of a mining conglomerate — Antofagasta PLC and its subsidiary, Twin Metals Minnesota LLC — which is feuding with the US government over a mineral deposit worth billions of dollars.

The company's wish to build a mine in Minnesota was blocked by Obama-era federal regulators because of environmental concerns. The mine, which would have brought up copper and nickel ore from one of the largest reserves of such metals in the world, would have been adjacent to a protected wilderness area.

In September, Twin Metals sued the federal government in a Minnesota federal court to renew the company's leases on the copper and nickel reserves in the area, which are estimated to be worth $40 billion, according to a court filing. The company argued on the basis that it had long-standing mineral rights stretching back to 1966. The company's request, however, was denied in December.

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Ivanka Trump's new home
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Ivanka Trump's new home

Before: Home exterior 

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After: Home exterior

Ivanka has kept the same paint, shutters and decorative stone as before.

From the monster truck show to the Governor's Ball...

Before: The foyer 

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Before: The foyer 

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After: The foyer

Ivanka moved the plant and the artwork that hung on the wall. She replaced the bench with another cushioned miniature sofa. The replacement matches the living room's upgrades. 

Before: The dining room

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After: The dining room

Ivanka took away the rug, exposing the room's original wooden floors. She added a rectangular table -- with sharper edges -- and softer chairs. She lightened up the room with bright art pieces, including a $22,500 light fixture from Lindsey Adelman, according to the Daily Mail. 

Before: The living room 

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After: The living room

Ivanka kept the same decorated fireplace, but brightened up the room with simple white couches, a light gray rug and glass coffee table. 

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Before: The kitchen 

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Before: The kitchen 

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After: The kitchen

Ivanka has kept the kitchen's sleek modern design. She added Theodore's high chair next to its white countertops.

Birthday tradition! #noodlesforlonglife🍝

After:

Ivanka kept the kitchen the same. 

After: The kitchen

Ivanka seems to have maintained the original cabinets of the home. 

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Before: TV room

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After: TV room

The family has kept the same television set and black shelf, but has gotten rid of the purple beanbag chair. 

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Twin Metals has asked the Trump administration to reverse the court's decision, and it has spent $160,000 lobbying the federal government.

Representatives of both the White House and Luksic had previously said that Trump and Kushner were paying a fair market rent to live in the Kalorama home. The couple was searching for a home to rent last year, and they looked at this mansion in particular. A broker reportedly put the deal together with the new owner, Luksic.

Real estate expert Joshua Adler told the WSJ that the $15,000 rent — which comes out to roughly 2.5% of the home's value after taxes and insurance — is "a terrible investment" for Luksic. But it is in line with what homes of that size and location rent for, according to Jim Bell, a real estate professional with TTR Sotheby's.

A representative for the billionaire told the WSJ that Luksic expects a $1 million appreciation on the house in the next year, and isn't concerned about short-term gain from the rental income.

Kalorama is the neighborhood where the Obama family has been living since the Barack Obama left office. The relatively small area is popular with politicians and DC insiders for its seclusion and privacy.

NOW WATCH: From rich kid to first daughter: The life of Ivanka Trump

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SEE ALSO: See inside the $5.5 million Washington, DC, home where Ivanka Trump and Jared Kushner live

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