What was decided

1. Lease extendedLease agreement

   To extend the term of the lease agreement for the land plot occupied by garage 4 of building 6 on Droy Street, and to make amendments and additions to it, by concluding an agreement between Artak Hovakimyan, on behalf of the Mayor of Yerevan, and Anahit Ghevondyan, Arman Mouradyan, and Rita Mouradyan.

   • Counterparty: Anahit Ghevondyan
   • Counterparty: Arman Mouradyan
   • Counterparty: Rita Mouradyan
   • Executor: Artak Hovakimyan

   Object

   Garage 4, building 6, Droy Street

   Cadastral code

   900035500405

   Area

   28.3 m²

2. Act amendedLease agreement

   Amendments and additions to the lease agreement: Clause 16 is supplemented with a new paragraph stating that the term of the agreement has been extended until September 1, 2031.

   Replaced 3675 · Clause 16

   The term of the agreement has been extended until September 1, 2031.

   The term of the agreement has been extended until September 1, 2031.

3. Act amendedLease agreement

   Amendments and additions to the lease agreement: Sub-clause 4.2 is amended by deleting the words "(including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)".

   Deleted 3675 · Sub-clause 4.2

   (including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)

   Delete the words "(including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)"

4. Act amendedLease agreement

   Amendments and additions to the lease agreement: Sub-clause 4.4 is amended by deleting the words "and alienate the attached real estate to the lessor on terms determined by the parties."

   Deleted 3675 · Sub-clause 4.4

   and alienate the attached real estate to the lessor on terms determined by the parties.

   Delete the words "and alienate the attached real estate to the lessor on terms determined by the parties."

5. Act amendedLease agreement

   Amendments and additions to the lease agreement: Sub-clause 5.5 is amended by deleting the words "and alienate the attached real estate to the lessor,"

   Deleted 3675 · Sub-clause 5.5

   and alienate the attached real estate to the lessor,

   Delete the words "and alienate the attached real estate to the lessor,"

6. Act amendedLease agreement

   Amendments and additions to the lease agreement: Clause 6 is supplemented with new sub-clauses 6.7, 6.8, 6.9, and 6.10 regarding the lessor's right to terminate the agreement under certain conditions, the procedure for notification, and the validity of such notification.

   Added 3675 · Clause 6

   Clause 6 is supplemented with new sub-clauses 6.7, 6.8, 6.9, and 6.10. Sub-clause 6.7: In case of a need to change the purpose of the leased land plot, the lessor has the right to terminate the agreement in the established manner, having previously notified the lessee one month in advance. Sub-clause 6.8: Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, 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 resolution of other public issues, the lessor has the right to unilaterally terminate this agreement, in which case the agreement is considered terminated from the day following the expiration of three months from the date of receipt of the notification of unilateral termination of the agreement by the lessee, and the state registration of the lease right arising from this agreement is recognized as invalid based on the application of the lessor, in accordance with subparagraph G of point 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property". Sub-clause 6.9: The parties hereby unconditionally agree that the written notification of unilateral termination of the agreement by the Lessor in accordance with sub-clause 6.8 of the agreement is carried out simultaneously in the following three ways: a) The Lessor's written notification is published on the official websites of the Yerevan Municipality www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am, b) The Lessor's written notification is sent to the Lessee's e-mail address (mail) if available, c) The Lessor's written notification is sent by postal delivery by registered mail. Sub-clause 6.10: The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-clause 6.9 of the agreement are considered proper and valid. Moreover, from the day of publication of the notification on the specified websites, the Lessee is considered duly notified of the unilateral termination of the agreement. The Lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is its continuous and uninterrupted contractual obligation under any circumstances.

7. Act amendedLease agreement

   Amendments and additions to the lease agreement: Clause 8 is amended to state the annual rent for the land plot and its cadastral value per square meter.

   Replaced 3675 · Clause 8

   The annual rent for the land plot is 25,648 AMD (twenty-five thousand six hundred forty-eight) AMD (28.3 sqm x 90.628 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is 90.628 AMD per square meter.

   The annual rent for the land plot is 25,648 AMD (twenty-five thousand six hundred forty-eight) AMD (28.3 sqm x 90.628 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is 90.628 AMD per square meter.

8. Act amendedLease agreement

   Amendments and additions to the lease agreement: Clause 9 is amended to regulate the procedure for changing the rent amount due to changes in cadastral value or rent rates, including notification periods and early termination conditions.

   Replaced 3675 · Clause 9

   Clause 9 is amended to state that in case of an increase in the cadastral value of the land approximated to the market value and/or the amount of rent, the Lessor is obliged to notify the Lessee in writing in advance. The new rent amount is applicable no earlier than 15 days after written notification. The rent is not changed if the Lessee notifies the Lessor of early termination of the agreement before the end of the 15-day period.

   Clause 9 is amended to state that in case of an increase in the cadastral value of the land approximated to the market value and/or the amount of rent, the Lessor is obliged to notify the Lessee in writing in advance. The new rent amount is applicable no earlier than 15 days after written notification. The rent is not changed if the Lessee notifies the Lessor of early termination of the agreement before the end of the 15-day period.

9. Act amendedLease agreement

   Amendments and additions to the lease agreement: Clause 12 is amended by replacing the number "900015211072" with "900035500405".

   Replaced 3675 · Clause 12

   900015211072

   900035500405

10. Cadastre action requestedLease agreement

    The right arising from the agreement mentioned in point 1 of this decision is subject to state registration in the relevant unit of the State Real Estate Cadastre Committee of the Republic of Armenia.

    • Applicant: Anahit Ghevondyan
    • Applicant: Arman Mouradyan
    • Applicant: Rita Mouradyan

    Object

    Garage 4, building 6, Droy Street

    Cadastral code

    900035500405

    Area

    28.3 m²

11. Execution assignedMunicipal act

    The organization and responsibility for the execution of this decision are entrusted to the head of the Kanaker-Zeytun administrative district of Yerevan.

    • Executor: Artak Hovakimyan
12. Oversight assignedMunicipal act

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

    • Oversight: Armen Pambukhchyan

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