Short and Long Term Leases

Exclusive rates for guests looking to stay for one month and more.

Long Term Lease

VTL Suites has apartments available for short and long-term leases for private and corporate clients. Lease periods are quite flexible with the following options:

  • Monthly Lease

  • Quarterly Lease

  • Half-Yearly Lease

  • Annual Lease

The lease rates are discounted and are modelled towards usual rent which makes it far cheaper than any short-let rates and requires a bulk payment for the duration of the lease.

 Maximum occupancy for one-bedroom and two-bedroom flats are three and five respectively.

Lease Rates

One Bedroom Leases

Monthly (30 days)

Quarterly (3 Months)

Half Yearly (6 Months)

Annual (1 year)


N 500,000

N 1,250,000

N 1,500,000

N 2,500,000


Refundable Caution Deposit

N 30,000

N 75,000

N 90,000

N 150,000

Legal Fee

N 25,000

N 62,500

N 75,000


Total Fees

N 55,000

N 137,500

N 165,000

N 275,000

Service Cost (Excluding Electricity)

N 220,000

N 550,000

N 660,000


Electricity (Metered)





Total Cost

N 775,000

N 1,937,500

N 2,325,000

N 3,875,000

Two Bedroom Leases

Monthly (30 days)

Quarterly (3 Months)

Half Yearly (6 Months)

Annual (1 year)


N 700,000

N 1,750,000

N 2,100,000

N 3,500,000


Refundable Caution Deposit

N 40,000

N 100,000

N 120,000

N 200,000

Legal Fee

N 35,000

N 87,500

N 105,000


Total Fees

N 75,000

N 187,500

N 225,000

N 375,000

Service Cost (Excluding Electricity)

N 280,000

N 700,000

N 840,000


Electricity (Metered)





Total Cost

N 1,055,000

N 2,637,500

N 3,165,000

N 5,275,000

Lease Terms

The Leases are entitled to the full use of all the facilities and the necessary services which include the following:


  1. Electricity Supply is a combination of Solar Energy, electricity from a public utility company (Eko Electricity Distribution Company - EKDC), and Backup generators.

  2. Power Supply will be for 24 hours

  3. When Solar Energy is in use, air conditioners and heating equipment will not be powered.

  4. Where there is a prolonged outage of EKDC supply, the generating sets will supply power as follows:

    1. Weekdays: 5 am to 8 am / 7 pm to 2 am

    2. Weekends: 5 am to 8 am / 11 am to 3 pm / 7 pm to 2 am

  5. Each apartment is metered for electricity consumption at a price of N170 per kilowatt of consumption


This is available for residents at no extra cost


There is already an existing agreement with the Lagos State Waste Management Authority (LAWMA) for waste disposal


Security services are provided by a private security company in all our apartment buildings


Apartments are furnished as described below:

  1. Furnished Living Room with Settee, Air conditioners, Television, Fans, Dining Tables and chairs, etc.

  2. Furnished ensuite bedrooms with Air conditioners, reading tables, Fans, etc.

  3. Furnished Kitchen with Gas Cookers, Fridge, and cooking utensils, etc.


Our apartments are fitted with Digital Satellite Television - DSTV

For bookings and more details, call or text us on +234 8142411146 (available on Whatsapp)

Affordably priced, with functional and modern-styled apartments

Air Conditioner

Ensuite Bathroom

King Size Bed

House Keeping

Inhouse Grocery Store

Shuttle Services

Adequate Security

Rooms Equipped with kitchen

24/7 Reception

Parking Space

Laundry Services

Cable TV


24/7 Electricity


Ante Room


Fast food

Living Room

Our Location

Agungi is an accessible location with a host of nearby amenities

  • 6km from Lekki Phase 1

  • 2km from the LCC canopy walkway

  • Nearby Hospital

  • 5 minutes walk to the nearest ATM

What our Guests are saying