990 Somerset St

BRAND-NEW CONSTRUCTION ONLY 1 UNIT REMAINING IN WATCHUNG, NJ! Welcome to 990 Somerset Street, Watchung, NJ, a stunning, newly constructed three-story residential building completed in 2026! Featuring just three exclusive apartments, one on each floor, this property offers modern living in a desirable and convenient location. Only the first-floor apartment remains available! Enjoy the convenience of being just minutes from Route 78 and Route 22, providing excellent access to major highways, shopping, dining, and surrounding communities. Located in the highly sought-after Watchung area, residents can also benefit from access to the area's well-regarded public school system, subject to district eligibility. With brand-new construction, a limited number of residences, and an exceptional location, this is a rare opportunity to enjoy a fresh start in a beautiful new property. Don't miss your chance to be the first to call this brand-new apartment home! Schedule your showing today before the final unit is gone! 1st floor unit also comes with exclusive access to front porch. 1. Rent & Lease Term - Monthly Rent $2,600 - Lease Duration 12 months (1 year). - Rent Due Date Rent is due on the 1st of each month. - Late Payment Fee A $50 late fee will apply to overdue rent, subject to any grace period required under New Jersey law. 2. Security Deposit & Move-In Costs - Security Deposit $3,900 (equivalent to 1.5 months' rent). - First Month's Rent $2,600. - Total Due at Lease Signing: $6,500.** - First month's rent and the security deposit must be paid at lease signing, with funds cleared before move-in. 3. Utilities Tenant is responsible for payment of the following services: - Electricity - Water - Internet/Wi-Fi - Cable TV All applicable utility charges must be paid on time throughout the lease term. 4. Garbage Collection - Garbage collection is available through the landlord's designated service provider for an additional $30 per month. - Tenants are welcome to arrange garbage collection through another licensed provider if they find a better price. - Tenants who arrange their own service will not be charged the landlord's $30 monthly garbage collection fee. - Tenants must maintain uninterrupted garbage collection and properly dispose of all household waste in compliance with local regulations. 5. Landscaping & Snow Removal **Landlord Responsibilities - Maintain landscaping and common outdoor grounds. - Arrange for snow plowing of the parking lot. - Maintain shared areas and fulfill all property maintenance obligations required by law. **Tenant Responsibilities - Promptly remove snow and ice from the area immediately outside their individual entryway. - Keep the front porch, entrance steps, and landing areas free and clear of snow and ice. - Maintain safe and unobstructed access to their individual entrance throughout the winter season. These tenant responsibilities apply to the extent permitted by law and do not relieve the landlord of legally required maintenance obligations. 6. Smoking Policy Smoking is strictly prohibited inside the apartment and building. 7. Pet Policy No pets are permitted on the property, except for legally protected assistance animals as required by applicable fair housing laws. 8. Renters Insurance - Tenant is required to obtain and maintain renters insurance throughout the entire lease term. - The insurance policy must provide a minimum of $100,000 in personal liability coverage. - Tenant must provide proof of active insurance coverage before move-in and upon renewal or reasonable request. - Tenant is responsible for all renters insurance premiums and maintaining uninterrupted coverage. 9. Income & Rental Qualifications - Applicants must demonstrate verifiable combined gross household income of at least 2.5 times their monthly rent obligation. - For applicants paying the full $2,600 rent, this equals $6,500 per month or $78,000 annually. - Where rental assistance applies, income requirements will be calculated using only the tenant's actual share of rent, as required by New Jersey law. - Applicants are subject to consistent credit, background, and rental history screening in compliance with applicable laws. 10. Monthly Payment Summary | Description | Amount | Base Monthly Rent =$2,600 Garbage Collection (if using landlord's provider)=$30 Total Monthly Payment With Garbage Collection=$2,630 Electricity, water, internet, and cable TV are separate tenant expenses. 11. Move-In Payment Summary | First Month's Rent=$2,600 | Refundable Security Deposit=$3,900 | Total Due at Signing=$6,500 **All rental terms and conditions are subject to applicable New Jersey landlord-tenant laws and regulations.**