On extending the term of the land lease agreement and making changes and additions to the agreement

4191-Ա28 August 2026In force

This decision extends the lease agreement for a land plot occupied by a garage until September 1, 2031, and makes amendments to the terms regarding rent calculation and notification. It also assigns responsibility for execution and oversight.

Property managementShengavit

What was decided

Lease extendedLand plot
Authorize the head of the Shengavit administrative district of Yerevan to conclude an agreement with Arsen Kocharyan, on behalf of the Mayor of Yerevan, to extend the term of lease agreement N4979 dated 18.08.2005 for the land plot occupied by garage N2 of building 6/6 on Frunze street, with an area of 31.2 sqm, and to make amendments and additions to it.
- Counterparty: Arsen Kocharyan
- Owner: Yerevan Municipality
- Executor: Head of Shengavit administrative district of Yerevan
Object
Frunze street, building 6/6, apartment 2, Yerevan
Area
31.2 m²
18,379 dram — Annual rent for the land plot
Added lease agreement N4979 · Clause 16
The term of the contract
The term of the contract has been extended until September 1, 2031, based on the agreement concluded between the parties.
Act amendedLand plot
Amend clause 8 of the contract to read: "8. The annual rent for the land plot, in accordance with subparagraph d) of paragraph 1 of clause 40 of the annex to the decision of the Yerevan Council of Elders of December 23, 2025, N463-N, amounts to 18379 (eighteen thousand three hundred seventy-nine) AMD (31.2 sqm x 58908 AMD x 1%). At the time of concluding the contract, the cadastral value of the land plot approximated to market value is 58908 AMD per 1 sqm."
- Counterparty: Arsen Kocharyan
- Owner: Yerevan Municipality
- Executor: Head of Shengavit administrative district of Yerevan
Object
Frunze street, building 6/6, apartment 2, Yerevan
Area
31.2 m²
18,379 dram — Annual rent for the land plot
Replaced lease agreement N4979 · Clause 9
9. In case of changes (increase) in the cadastral value of the land approximated to market value and/or the amount of rent established by decisions of the Yerevan City Council, 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 market value and/or rent, the calculated rent amount is subject to application (the contract 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 contract (withdrawal from the contract) before the end of the corresponding 15-day period.
Clause 9 of the contract shall be set forth in the following wording: "9. In cases of changes (increase) in the cadastral value of the land approximated to market value and/or the amount of rent established by decisions of the Yerevan City Council, 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 market value and/or rent, the calculated rent amount is subject to application (the contract 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 contract (withdrawal from the contract) before the end of the corresponding 15-day period."
Execution assignedMunicipal act
Organize the execution and responsibility for this decision shall be entrusted to the head of the Shengavit administrative district of Yerevan.
- Executor: Head of Shengavit administrative district of Yerevan
Oversight assignedMunicipal act
Control over the execution of this decision is ensured by A. Pambukhchyan, First Deputy Mayor of Yerevan.
- Oversight: A. Pambukhchyan, First Deputy Mayor of Yerevan
Cadastre action requestedReal estate object
Take note that the right arising from the agreement mentioned in the first point of this decision is subject to state registration in the relevant unit of the State Committee of the Real Estate Cadastre of RA.
- Executor: State Committee of the Real Estate Cadastre of RA
Object
Frunze street, building 6/6, apartment 2, Yerevan

Full text

ԵՐԵՎԱՆԻ ՔԱՂԱՔԱՊԵՏ (MAYOR OF YEREVAN)
ՈՐՈՇՈՒՄ (DECISION)
ՀՀ, 0015, ք. Երևան, Արգիշտիի 1 (RA, 0015, Yerevan, Argishti 1)
№____________ « » 2026թ.

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 Arsen Kocharyan to extend the term of the lease agreement concluded for the land occupied by garage No. 2 of building No. 6/6 on Frunze Street (state registration certificate of rights to immovable property N23072020-01-0197).
The cadastral value of garage No. 2 of building No. 6/6 on Frunze Street is 2,632,985 AMD.
Guided by Article 49 of the RA Law "On Local Self-Government in the City of Yerevan", Articles 3, 53, 59 and 60 of the RA Law "On the Fundamentals 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 of June 4, 2020, and the appendix to Decision No. 463-N of the Yerevan City Council of December 23, 2025.

To authorize the head of the Shengavit administrative district of Yerevan to conclude an agreement on behalf of the Mayor of Yerevan with Arsen Kocharyan, in accordance with the procedure established by law, on extending the term of lease agreement No. 4979 concluded on 18.08.2005 for the land plot with an area of 31.2 sq.m. occupied by garage No. 2 of building No. 6/6 on Frunze Street, and on making amendments and additions thereto, including the following amendments and additions to the agreement:

To supplement point 16 of the agreement with a new paragraph with the following content:
"Based on the agreement concluded between the Parties, the term of the agreement has been extended until September 1, 2031."
To set out point 9 of the agreement in the following wording:
"9. In cases of changes (increase) in the cadastral value of the land approximated to the market value and (or) the amount of the rent by decisions of the Yerevan City Council, the Lessor is obliged to notify the Lessee in writing in advance about the new value (rent). Land approximated to market value

in the event of an increase in the cadastral value and (or) the rent, the calculated rent amount shall be applicable (the contract shall be considered amended) no sooner than 15 days after written notification thereof. The rent shall not change if the Lessee notifies the Lessor of the early termination of the contract (rescission of the contract) before the end of the corresponding 15-day period.”.
3) restate clause 8 of the contract in the following edition:
“8. The annual rent for the land plot—according to paragraph d) of sub-clause 1 of clause 40 of the appendix to Decision No. 463-N of the Yerevan City Council dated December 23, 2025—amounts to 18379 /eighteen thousand three hundred seventy-nine/ AMD (31.2sqm x 58908 AMD x 1%). At the time of concluding the contract, the cadastral value approximated to the market value of the land plot for 1sqm amounts to 58908 AMD.”.
2. Take note that the right arising from the agreement mentioned in the first point of this decision is subject to state registration in the relevant subdivision of the Cadastre Committee of the RA.
3. This decision may be appealed through administrative procedure to the Mayor of Yerevan or through judicial procedure to the RA Administrative Court within a two-month period from the date of its entry into force.
4. The responsibility for the organization and execution of the decision shall be placed on the head of the Shengavit administrative district of Yerevan.
5. Control over the course of execution of this decision shall be ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

TIGRAN AVINYAN