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General Leasing

  • How long is the lease term? 

    Our leases are a standard 12-month lease. All leases begin at 2:00pm on August 15th and end at 5:00pm on August 12th of the following year. We do not offer short-term leases, but we do find that many of our tenants take advantage of the subleasing option in the summertime or for studying abroad.   

  • What are the rental requirements?

    Our rental requirements are:  
      • Gross, combined income of at least 3x the monthly installment.  
      • Minimum of 2 years of verifiable housing history.  
      • Credit score of 600 or above.  
      • No criminal history.  
      • A valid photo identification.
      If the income, housing, or credit requirements are not met, a co-signer who does meet the income requirement is required.

  • What is a co-signer? 

    A co-signer is typically a parent or close relative who meets the rental requirements and is willing to guarantee the financial obligations of the lease. Co-signers do not need to live in the United States.

  • What is included in the monthly installment? 

    All utilities, amenities & furnishings are included in the monthly rental payment. Water, gas, electric, trash removal, high-speed internet, free black/white printing in the study lounge, and perks at the Java Den. Garage parking for mopeds and bicycles is also free/available to tenants.    The only additional monthly costs are laundry, which is $3.00/wash (dryers are free), and parking a vehicle (such as a car or motorcycle) in the parking garage, which costs $205/month for tenants and $225/month for non-tenants.

  • Is there an application fee or earnest money due? 

    There is no application fee, down payment, or earnest money due. However, once the lease is signed by all tenants, the security deposit will be due within 10 days of signature. The security deposit is equal to one month’s installment.

  • What is a security deposit and how much does it cost?

    A security deposit is an upfront deposit paid by the tenant to the landlord prior to moving into a rental unit. The deposit is held by the landlord throughout the lease term as a guarantee that tenants will pay their installments and keep the rental unit in good condition. When the tenant moves out, the landlord may deduct from the security deposit the unpaid installments, the cost of repairs, and other lawful fees detailed in the Non-Standard Rental Provisions section of the lease. The security deposit, less any lawful deductions, is returned to the tenant within 21 days of the lease end date.     The security deposit is equal to one month’s installment and is due to LZ Management within 10 days after the lease is signed by all tenants. If there are multiple tenants signed onto the lease, separate payments from each tenant can be collected. A payment in the full amount by one individual is not necessary. Security deposits can be paid via the online AppFolio Tenant Portal, or with a personal check, cashier’s check, or money order. Cash payments will not be accepted.  

  • Is parking available? What are the terms?

    Yes, parking is available in the secured, heated, parking garage located directly underneath the building. Parking costs $205/month for tenants, and $225/month for non-tenants. Parking contracts may begin at any time, and end on either December 31st, May 31st, or August 12th.   The parking contracts are separate from the lease. A parking application will need to be submitted and approved and a parking contract signed. You can find the parking application here.   Tenant parking spaces are unassigned. Tenants may not park in spaces reserved for Luther Memorial or staff. The parking garage is monitored regularly. Any unauthorized vehicles may receive warnings, parking tickets via City of Madison and/or subject to being towed. Staff will not provide warnings prior to towing unauthorized vehicles. 

  • Are pets allowed? 

    Pets are not permitted. We can make reasonable accommodations for support or service animals, as long as proper documentation in the form of a letter of need from a clinician licensed by the state of Wisconsin is provided by the tenant.

  • Do you offer roommate matching?

    It is the responsibility of the tenants to find the roommates they would like to live with during the lease term if they are on a joint lease agreement. For units with individual leases, you’re welcome to apply with friends, or we will do our best to match you to the best available unit given your preferences.

  • Is renters’ insurance required? 

    Yes, all tenants are required to submit proof of a valid renter's insurance policy that is in effect throughout the entire course of the lease term. The policy should have a minimum limit of liability for bodily injury and property damage of $100,000. The AppFolio Tenant Portal offers a renter’s insurance policy for purchase. However, many tenants find they are covered with a renter’s insurance option under their parent’s homeowner’s insurance policy. 

Living at X01

  • How can I make installment payments? 

    Installments can be paid electronically through the online AppFolio Tenant Portal. We recommend using the e-check payment option to avoid any fees charged by the payment processing platform. The monthly installment can also be paid by personal check, cashier’s check or money order. Cash payments are not accepted.  

  • Is there any short-term parking available? 

    Temporary parking passes are available to tenants for $10/day. They may be reserved in person at the management office and are available on a first-come, first-serve basis.  

  • Who is the building's internet service provider (ISP)? How can I access the internet? 

    Restech Services is the building's internet service provider. Internet service is already active in the units upon move-in. An ethernet cord can be plugged into any of the accommodating wall jacks and to a computer for the most stable connection. To set up a secure WIFI source for the apartment, you’ll need to provide your own router. Most routers will work fine but to get the most out of the high-speed internet service ResTech suggests using a Net gear or TP-Link  router with a serial number beginning with AC or AX  and dual-band capability. 

  • Do you have bike and moped parking?

    Yes inside of our heated, secured parking garage. It's available to all residents at no additional cost - just be sure to register your bike or moped and stop by the office for your sticker!

  • Is there an on-site manager?

    Yes. You can reach out to our management team with any questions or concerns via email at campus@lz-management.com or by phone at (608) 237-1111.

  • How are maintenance requests handled?

    Maintenance requests can be submitted online via the Appfolio tenant portal, and our maintenance staff will respond promptly. We also have a 24/7 emergency maintenance team for any urgent matters that occur after hours that can be reached at (608) 283-3112.

  • What about security?

    A great and important question to ask. All entrances to the building (including the parking garages and elevators) have controlled access, meaning a fob is required to get in. There are also 24/7 surveillance cameras in all public spaces and entrances. In addition, we have nightly on-site security.

  • Can payments be made online?

    Absolutely! Monthly payments can be made online via the Appfolio Tenant Portal.

  • What is a sublet? How does it work?

    A sublet happens when a current tenant decides to rent their unit to a third party while keeping the lease in the original tenant’s name. We often have sublease agreements when a current tenant decides to study abroad for a semester, or won’t be in Madison for the summer months. Subletting can involve the entire unit or individual bedrooms.   If a tenant chooses to sublet, he/she is ultimately responsible for finding a sublease tenant. However, LZ Management’s marketing team can assist in the process upon request.   Price is to be negotiated between the original tenant and the sublet tenant. It’s important to keep in mind that the original amount of rent due remains the same. Additionally, the original tenant remains ultimately responsible for the lease if the sublease tenant defaults. The original tenant is released from the lease obligations when the lease terminates.   The sub-lessee(s) must complete an application to be approved by the landlord. In addition, all tenants, the sub-lessee(s), and the Landlord must sign the sublet agreement before the sublease becomes a legal amendment. Finally, there is a $150 sublet fee due upon completion of authorization.

Moving

  • How early can I reserve a parking spot for next year?

    We will start accepting parking applications for the summer 2025 and 2025-26 lease term next year on March 1st. You can find the application and more information about rates, contract terms & more on the Parking page.

  • Is there any option for early move-in?

    Due to the time constraints of the turnover process, we are unable to accommodate early move-in requests. All leases begin at 2:00pm on August 15th.

  • How do I submit proof of insurance?

    You can drop your proof of insurance documents directly into the online tenant portal through the Insurance tab. You may also purchase a Renter’s Insurance policy through the portal. It is not necessary to send your policy or insurance documents to your property manager.

  • Can I send packages to my new apartment so they’re already there when I move in?

    We strongly recommend you do not have any mail or packages delivered to Grand/Central until you’ve taken occupancy in your apartment. Any packages and/or mail items that are sent to the building with the name of someone who is not a current tenant are typically sent back with the courier to its original sender.

Need more info?

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