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

What was decided

1. Lease extendedLand plot

   To authorize Artak Hovakimyan, head of the Kanaker-Zeytun administrative district of Yerevan, to conclude an agreement with Albert Dadyan and Zhirayr Dadyan, on behalf of the Mayor of Yerevan, in accordance with the procedure established by law, on extending the term of lease agreement no. 5786 for the land plot with an area of 22.4 sq.m. occupied by garage no. 11 in building no. 14/1 on Droi Street, concluded on August 19, 2005, and making amendments and additions thereto

   • Counterparty: Albert Dadyan
   • Counterparty: Zhirayr Dadyan
   • Executor: Kanaker-Zeytun administrative district of Yerevan

   Object

   Garage no. 11 in building no. 14/1 on Droi Street

   Cadastral code

   27042022-01-0269

   Area

   22.4 m²

   Replaced հողամասի վարձակալության հ.5786 պայմանագիր · point 16

   (the original lease term is not specified)

   until September 1, 2031

2. Act amendedLease agreement

   replace the words "Rubik Dadyan" with the words "Albert Dadyan, Zhirayr Dadyan" in the agreement

   Replaced հողամասի վարձակալության հ.5786 պայմանագիր · in the agreement

   Rubik Dadyan

   replace the words "Rubik Dadyan" with the words "Albert Dadyan, Zhirayr Dadyan"

3. Act amendedLease agreement

   to supplement point 16 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 September 1, 2031"

   Added հողամասի վարձակալության հ.5786 պայմանագիր · point 16

   "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031"

4. Act amendedLease agreement

   remove the words "and alienate the fixed immovable property to the lessor under conditions to be determined between the parties" from sub-point 4.4 of the agreement

   Deleted հողամասի վարձակալության հ.5786 պայմանագիր · sub-clause 4.4.

   and alienate the attached real estate to the lessor under the terms determined between the parties.

5. Act amendedLease agreement

   remove the words "and alienate the fixed immovable property to the lessor" from sub-point 5.5 of the agreement

   Deleted հողամասի վարձակալության հ.5786 պայմանագիր · sub-clause 5.5.

   and alienate the fixed real estate to the lessor

6. Act amendedLease agreement

   to supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, of the following content: "6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance. ". "6.8. 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 problems of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the Yerevan community or the regulation of other public problems, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated /ceased/ on the day following the expiration of three months from the date of receipt of the notice of unilateral withdrawal from the agreement by the lessee, and the state registration of the right of lease arising from this agreement is recognized as invalid 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" on the basis of the lessor's application.". "6.9 The parties hereby unconditionally agree that the lessor's written notice of unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement shall be carried out simultaneously by the following three methods: a) The lessor's written notice is published on the 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 (mail) if available, c) The lessor's written notice is sent by postal delivery by registered mail.". "6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-point 6.9 of the agreement are considered proper and valid. Moreover, from the date of publication of the notice on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that throughout the entire term of the agreement, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances."

   Added հողամասի վարձակալության հ.5786 պայմանագիր · clause 6

   "6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance. ". "6.8. 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 problems of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the Yerevan community or the regulation of other public problems, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated /ceased/ on the day following the expiration of three months from the date of receipt of the notice of unilateral withdrawal from the agreement by the lessee, and the state registration of the right of lease arising from this agreement is recognized as invalid 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" on the basis of the lessor's application.". "6.9 The parties hereby unconditionally agree that the lessor's written notice of unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement shall be carried out simultaneously by the following three methods: a) The lessor's written notice is published on the 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 (mail) if available, c) The lessor's written notice is sent by postal delivery by registered mail.". "6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-point 6.9 of the agreement are considered proper and valid. Moreover, from the date of publication of the notice on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that throughout the entire term of the agreement, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances."

7. Act amendedLease agreement

   to state point 8 of the agreement in the following wording: "8. The annual rent for the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to Decision no. 463-N of the Council of Elders of the City of Yerevan of December 23, 2025, is 20 301 /twenty thousand three hundred one/ AMD /22.4 sq.m. x 90.628 x 1%/: At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 90.628 AMD per 1 sq.m."

   Replaced հողամասի վարձակալության հ.5786 պայմանագիր · point 8

   The annual rent for the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to Decision no. 463-N of the Council of Elders of the City of Yerevan of December 23, 2025, is 20 301 /twenty thousand three hundred one/ AMD /22.4 sq.m. x 90.628 x 1%/: At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 90.628 AMD per 1 sq.m.

   The annual rent for the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to Decision no. 463-N of the Council of Elders of the City of Yerevan of December 23, 2025, is 20 301 /twenty thousand three hundred one/ AMD /22.4 sq.m. x 90.628 x 1%/: At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 90.628 AMD per 1 sq.m.

8. Act amendedLease agreement

   point 9 of the agreement shall be set forth in the following wording: "9. In cases of change (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 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 shall be applied (the agreement 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 agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period."

   Replaced հողամասի վարձակալության հ.5786 պայմանագիր · point 9

   In cases of change (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 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.

   In cases of change (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 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.

9. Act amendedLease agreement

   in point 12 of the agreement, replace the number "900035500041" with the number "900035500405".

   Replaced հողամասի վարձակալության հ.5786 պայմանագիր · in point 12

   900035500041

   900035500405

10. Execution assignedMunicipal act

    To assign the organization and responsibility for the execution of the decision to the head of the Kanaker-Zeytun administrative district of Yerevan.

    • Executor: Kanaker-Zeytun administrative district of Yerevan
11. Oversight assignedMunicipal act

    Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

    • Oversight: A. Pambukhchyan