Jay Z and Beyoncé Have to Move Out of Their Los Angeles Home

Earlier this year, it looked like Jay Z and Beyoncé were making their move to the West Coast. Hip-hop's favorite couple signed a one-year lease on a home in Holmby Hills, a neighborhood in western Los Angeles. They rented the 16,000-square foot house for $150,000 per month and have been living there since February. However today (Sept. 10), TMZ reports that the couple has to be out of that home in 60 days. The Holmby Hills estate, which sits on 1.32 acres and has seven bedrooms and eight bathrooms, was sold for $35.5 million to another buyer. The couple didn't feel interested in outbidding the buyer, according to reports.

This was the same home the couple rented the year previously for $200,000 a month. Their decision to settle down in Holmbly came after losing out on another home. The Carters were previously engaged in a bidding war for an $85 million home in Beverly Hills, which they later lost to 35-year-old Swedish video game programmer Markus Persson.

Jay and Queen Bey have to move out but they still have their New York residence and their recently purchased estate in NOLA. Back in May, the couple purchased a renovated church in New Orleans for $2.6 million. The 13,292 square-feet home was built back in 1925 and has since been a Presbyterian church and a ballet school before being converted into a beautiful home. It houses three apartments, a three-story master suite and seven bedrooms plus eight bathrooms for a total of  22 rooms. It's safe to say the Carters are doing just fine.