ON EXTENDING THE TERM OF THE LAND LEASE AGREEMENT, MAKING AMENDMENTS AND ADDITIONS TO THE AGREEMENT

3777-Ա31 July 2026In force

The Mayor's decision extends the lease agreement for the land plot occupied by garage No. 11 at building 4, Charents Street, and makes amendments and additions to it. The lease term is extended until August 1, 2031. The decision also specifies changes to the contract regarding the replacement of a name, the addition of new clauses concerning the landlord's right to unilaterally withdraw from the contract under certain conditions, and the method of notification. Additionally, it updates the cadastral value per square meter and the annual rent amount, and outlines the procedure for changes in cadastral value and rent. The decision also notes that the rights arising from the agreement are subject to state registration.

Land and cadastreKentron

What was decided

Lease extendedLand plot
To authorize the head of the Kentron administrative district of Yerevan to conclude an agreement on behalf of the Mayor of Yerevan, in the manner prescribed by law, with Artush Asatryan to extend the term of the lease agreement No. fb-2870 06/1857 concluded on 23.04.1999 for the land plot of 40.8 sq.m. occupied by garage No. 11 at building 4, Charents Street, and to make amendments and additions to it,
- Beneficiary: Artush Asatryan
- Executor: Kentron administrative district of Yerevan
Object
Garage No. 11 at building 4, Charents Street
Cadastral code
05122017-01-0364
Area
40.8 m²
Replaced փբ-2870 06/1857 · point 19
Lease agreement No. fb-2870 06/1857 concluded on 23.04.1999
until August 1, 2031
Act amendedLease agreement
replace the words "Beniamin Adimyan" with "Artush Asatryan" in the contract
- Beneficiary: Artush Asatryan
Replaced փբ-2870 06/1857 · 1) in the contract
the words "Beniamin Adimyan" replaced with the words "Artush Asatryan"
Act amendedLease agreement
supplement Article 19 of the contract with a new paragraph with the following content: "Based on the agreement concluded between the parties, the term of the contract has been extended until August 1, 2031"
- Beneficiary: Artush Asatryan
Added փբ-2870 06/1857 · point 19
"Based on the agreement concluded between the parties, the term of the contract has been extended until August 1, 2031"
Act amendedLease agreement
amend Article 4 of the contract as follows: "4. The cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter."
- Beneficiary: Artush Asatryan
Replaced փբ-2870 06/1857 · Article 4
The cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter
Act amendedLease agreement
supplement Article 7 of the contract with new sub-points 7.7, 7.8, and 7.9 with the following content: "7.7 Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Municipality of Yerevan, or the regulation of urban development issues of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the community of Yerevan, or the regulation of other public issues, the lessor has the right to unilaterally withdraw from this contract, in which case the contract is considered terminated (ceased) on the day following the expiration of three months from the date of receipt of the notification of unilateral withdrawal from the contract by the lessee, and the state registration of the lease right arising from this contract is recognized as invalid based on the application of the lessor in accordance with subparagraph c) of Part 3 of Article 35 of the Law "On State Registration of Rights to Property".
- Beneficiary: Artush Asatryan
Added փբ-2870 06/1857 · Article 7
Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Municipality of Yerevan, or the regulation of urban development issues of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the community of Yerevan, or the regulation of other public issues, the lessor has the right to unilaterally withdraw from this contract, in which case the contract is considered terminated (ceased) on the day following the expiration of three months from the date of receipt of the notification of unilateral withdrawal from the contract by the lessee, and the state registration of the lease right arising from this contract is recognized as invalid based on the application of the lessor in accordance with subparagraph c) of Part 3 of Article 35 of the Law "On State Registration of Rights to Property"
Act amendedLease agreement
supplement Article 7 of the contract with new sub-points 7.7, 7.8, and 7.9 with the following content: "7.8 The parties hereby unconditionally agree that the written notification of the Lessor's unilateral withdrawal from the contract in accordance with subparagraph 7.7 of the contract shall be carried out simultaneously in the following three ways: a) The Lessor's written notification shall be published on the official websites of the Municipality of Yerevan www.yerevan.am and the Public Notices of the Republic of Armenia www.azdarar.am, b) The Lessor's written notification shall be sent to the Lessee's e-mail address (if available), c) The Lessor's written notification shall be sent by postal mail as a registered letter. 7.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in subparagraph 7.8 of the contract are considered proper and valid. Moreover, from the date of publication of the notification on the mentioned websites, the Lessee shall be considered duly notified of the unilateral withdrawal from the contract. The Lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the term of the contract is their continuous and uninterrupted contractual obligation."
- Beneficiary: Artush Asatryan
Added փբ-2870 06/1857 · Article 7
The parties hereby unconditionally agree that the written notification of the Lessor's unilateral withdrawal from the contract in accordance with subparagraph 7.7 of the contract shall be carried out simultaneously in the following three ways: a) The Lessor's written notification shall be published on the official websites of the Municipality of Yerevan www.yerevan.am and the Public Notices of the Republic of Armenia www.azdarar.am, b) The Lessor's written notification shall be sent to the Lessee's e-mail address (if available), c) The Lessor's written notification shall be sent by postal mail as a registered letter. The parties hereby unconditionally agree and guarantee that the notification methods specified in subparagraph 7.8 of the contract are considered proper and valid. Moreover, from the date of publication of the notification on the mentioned websites, the Lessee shall be considered duly notified of the unilateral withdrawal from the contract. The Lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the term of the contract is their continuous and uninterrupted contractual obligation.
Act amendedLease agreement
amend Article 9 of the contract as follows: "9. The annual rent for the land plot, in accordance with subparagraph d) of Part 1 of Article 40 of the appendix to Decision No. 463-N of the Council of Elders of the City of Yerevan dated December 23, 2025, amounts to 56,885 (fifty-six thousand eight hundred eighty-five) AMD (40.8 sq.m. x 139,425 AMD x 1%). At the time of concluding the contract, the cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter."
- Beneficiary: Artush Asatryan
Replaced փբ-2870 06/1857 · point 9
The annual rent for the land plot, in accordance with subparagraph d) of Part 1 of Article 40 of the appendix to Decision No. 463-N of the Council of Elders of the City of Yerevan dated December 23, 2025, amounts to 56,885 (fifty-six thousand eight hundred eighty-five) AMD (40.8 sq.m. x 139,425 AMD x 1%). At the time of concluding the contract, the cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter.
Act amendedLease agreement
amend Article 10 of the contract as follows: "10. In case of changes (increase) in the cadastral value of the land approximated to the market value and/or the amount of rent by decisions of the Council of Elders of the City of Yerevan, the Lessor is obliged to inform the Lessee in writing in advance about the new value (rent). In case of an increase in the cadastral value of the land approximated to the market value and/or the rent, the calculated rent amount is subject to application (the contract is considered amended) no earlier than 15 days after being informed in writing about it. The rent shall not be changed if the Lessee has notified the Lessor of the early termination of the contract (withdrawal from the contract) before the end of the corresponding 15-day period."
- Beneficiary: Artush Asatryan
Replaced փբ-2870 06/1857 · Article 10
In cases of change (increase) of the cadastral value of the land approximated to the market value and (or) the amount of rent by decisions of the Council of Elders of the City of Yerevan, the Lessor is obliged to notify the Lessee in writing in advance about the new value (rent). In case of an increase in the cadastral value of the land approximated to the market value and (or) the rent, the calculated amount of rent is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.
Cadastre action requestedLease agreement
Take note that the right arising from the agreement mentioned in point 1 of this decision is subject to state registration in the relevant subdivision of the Cadastre Committee of the Republic of Armenia.
- Executor: Cadastral Committee of the Republic of Armenia
Execution assignedMunicipal act
Organize the execution of the decision and assign responsibility to the head of Kentron administrative district of Yerevan.
- Executor: Kentron administrative district of Yerevan
Oversight assignedMunicipal act
Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.
- Oversight: A. Pambukhchyan
Act amendedLease agreement
amend Article 4 of the contract as follows: "4. The cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter."
- Beneficiary: Artush Asatryan
Replaced փբ-2870 06/1857 · Article 4
The cadastral value of the land plot, approximated to the market value, is 139,425 AMD per square meter.

Full text

DECISION OF THE MAYOR OF YEREVAN

RA, 0015, Yerevan, Argishti 1
№ « » 2026

ON EXTENDING THE TERM OF THE LAND LEASE AGREEMENT,

MAKING AMENDMENTS AND ADDITIONS TO THE AGREEMENT

The basis for the adoption of the administrative act was the application of Artush Asatryan to extend the term of the lease agreement concluded for the land occupied by the garage (state registration of rights to immovable property certificate No. 05122017-01-0364 dated 05.12.2017) at Charents Street building No. 4, garage No. 11.

The cadastral value of the garage at Charents Street building No. 4, garage No. 11 is 3,411,013 AMD.

Guided by Article 49 of the Law "On Local Self-Government in the City of Yerevan", Articles 3, 53, 59 and 60 of the Law "On Principles of Administration and Administrative Procedure", parts 1 of Articles 466 and 468 of the Civil Code, Decision No. 1023-N of the Government of the Republic of Armenia dated June 4, 2020, and the appendix to Decision No. 463-N of the Council of Elders of the City of Yerevan dated December 23, 2025.

Authorize the Head of Kentron administrative district of Yerevan to conclude an agreement with Artush Asatryan, on behalf of the Mayor of Yerevan, in the manner prescribed by law, on extending the term of the lease agreement pb-2870 06/1857 concluded on April 23, 1999, for the land plot with an area of 40.8 sq.m. occupied by the garage at Charents Street building No. 4, garage No. 11, and making amendments and additions thereto, including the following amendments and additions to the agreement:

replace the words "Beniamin Adimyan" with the words "Artush Asatryan" in the agreement.
supplement point 19 of the agreement with a new paragraph of the following content:

"Based on the agreement concluded between the Parties, the term of the agreement has been extended until August 1, 2031."

set out point 4 of the agreement in the following wording.

The cadastral value approximated to the market value of the land plot is 139,425 AMD per 1 sq.m.".

Supplement point 7 of the contract with new sub-points 7.7, 7.8 and 7.9, with the following content:
"7.7 The Lessor has the right to unilaterally withdraw from this contract due to the implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or the regulation of urban development issues of yard and inter-yard areas, as well as the implementation of other programs by or with the participation of the Yerevan community, or the regulation of other issues of public importance, in which case the contract is considered terminated /ceased/ on the day following the expiration of three months from the moment the notice of unilateral withdrawal from the contract is received by the Lessee, and the state registration of the right of lease arising from this contract is recognized as invalid based on the Lessor's application in accordance with sub-point g) of point 3 of part 3 of article 35 of the Law "On State Registration of Rights to Property".
"7.8 The parties hereby unconditionally agree that the Lessor's written notice of unilateral withdrawal from the contract in accordance with sub-point 7.7 of the contract shall be carried out simultaneously by the following three methods:
a) The Lessor's written notice is published on the official websites of Yerevan City Hall www.yerevan.am, as well as on the public notices website of the Republic of Armenia www.azdarar.am,
b) The Lessor's written notice is sent to the Lessee's email address (if available),
c) The Lessor's written notice is sent by postal delivery via registered mail.".
"7.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-point 7.8 of the contract are considered proper and valid. Moreover, from the date of publication of the notification on the specified websites, the Lessee is considered properly notified of the unilateral withdrawal from the contract. The Lessee unconditionally agrees that throughout the entire period of validity of the contract, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances.".
Point 9 of the contract shall be set forth in the following wording:
"9. The annual rent of the land plot, in accordance with paragraph d) of sub-point 1 of point 40 of the appendix to decision No. 463-N of December 23, 2025, of the Council of Elders of the City of Yerevan, amounts to 56,885 (fifty-six thousand eight hundred eighty-five) AMD (40.8 sq.m x 139,425 AMD x 1%). At the time of signing the contract, the cadastral value of the land plot approximated to the market value is 139,425 AMD per 1 sq.m.".
Point 10 of the contract shall be set forth in the following wording:
"10. In cases of change (in case of increase) of the cadastral value of the land approximated to the market value and (or) the amount of rent by decisions of the Council of Elders of the City of Yerevan, the Lessor is obliged to notify in advance about the new value (rent)

write to inform the Lessee. In case of an increase in the cadastral value of the land approximated to the market value and (or) the rent, the calculated rent amount shall be applied (the contract shall be considered amended) no earlier than 15 days after written notification thereof. The rent shall not be changed if the Lessee has notified the Lessor of the early termination of the contract (withdrawal from the contract) before the expiration of the corresponding 15-day period.":

Take note that the right arising from the agreement mentioned in point 1 of this decision is subject to state registration in the relevant department of the RA Cadastre Committee.
This decision may be appealed administratively to the Mayor of Yerevan or judicially to the Administrative Court of the Republic of Armenia within a two-month period from the date of its entry into force.
The organization and responsibility for the execution of the decision shall be placed on the head of the Kentron administrative district of Yerevan.
Control over the implementation of this decision shall be ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

TIGRAN AVINYAN