Music couple Jay Z and Beyoncé Knowles-Carter are stuck in Los Angeles for the next 12 months after reportedly signing a 1-year home lease.

According to reports, Young Hov and Queen Bey are dropping around $150,000 a month for their new dream pad.

Our sources say Bey and Jay are now renting the $45 million Holmby Hills palace that was owned by ex-L.A. Dodgers owner Frank McCourt. As for the house … it’s 20,000 square feet, complete with an indoor Olympic-sized pool complex and an outdoor pool with a waterfall and formal gardens. (TMZ)

Check out what Beyoncé and Jay Z have been busy with as of late on the next page…

Last weekend, Bey revealed a coupled up pic alongside Jay on Instagram.

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Vacation pics of Jay and Bey in Italy surfaced online a few weeks ago.

Beyonce and Jay Z are doing just fine in the wake of losing their LA mansion … they’re living it up on a boat. The two were in Italy Thursday with Kelly Rowland and daughter Blue Ivy cruising around on the small vessel. They don’t seem too concerned with the shared space — something they might have to get used to. TMZ broke the story … Jay and B have 60 days to move out of the mansion they were renting after someone else bought it. (TMZ)

Bey helped ignite Jay’s annual Made In America festival last month.

From mash-ups that included Future’s “Where Ya At” to “Throw That A** In A Circle,” Yonce had the audience’s attention from start to finish with her glitzy performance, which was a highlight of the entire annual concert. (VIBE)

Where ya ass was at dawg? #MadeInAmericaFestival #Philly #Beyoncé

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