Beyoncé and Jay Z, with their adorable 3-year old daughter, Blue Ivy, are now renting the $45 million Holmby Hills mansion after being forced to move after the owner of the 16,000-square-foot home where they used to stay decided to put the property on sale for $35.5 million.

The couple, the Carters, wasn't interested in outbidding the buyer so they decided to move out.

After staying for some time in a hotel in Beverly Hills while searching for the perfect home to stay, according to Daily Mail, the superstar couple has signed a one-year lease contract on the Holmby Hills mansion which was previously owned by LA Dodgers, Frank McCourt. This 2.6 acre manor was sold by McCourt to a British billionaire just last year for $45 million but the new owner was hardly in Los Angeles so the house was put on the market for lease.

The Carters moved into their new gorgeous mansion over the weekend, the gossip site TMZ reported. Their new home is a contemporary European-inspired villa with an Olympic-sized indoor swimming pool, formal gardens, outdoor pool with waterfalls, and climate-controlled walk-in wine cellar. It also has a living room with fireplace, nine bathrooms, seven bedrooms, walnut library, bowling alley, rock climbing wall, disco, virtual golf, art studio and a fitness suit with massage room. Their mansion also has its own children's performing area, dance studio, bar, atrium, billiard room, state of the art screening room and even has an indoor skateboarding ramp.

The couple is not homeless and has never been. In fact, Jay Z and Beyoncé have recently bought a $2.6 million mansion in New Orleans. They also own an apartment in Tribeca, New York where they can actually stay. Despite that, they still want to look for a much better place to live in for their daughter. When their friend, Gwyneth Paltrow, shared to the couple how good the quality of life is for her kids in LA, they thought that the place would also be perfect for their daughter, too. So they both decided to move to California.

The musical icons can certainly afford the extravagant monthly payments for this dream house as the couple has a combined fortune of about $1 billion. Beyoncé, who hails from Houston, and Jay Z, the consummate New Yorker behind the song "Empire State of Mind," are now hoping that their move will be best for their family especially as they raise their little Blue Ivy.