What was decided

1. Lease extendedLand plot

   to authorize the head of the Ajapnyak administrative district of Yerevan, in the manner prescribed by law, on behalf of the Mayor of Yerevan, to conclude an agreement with Masis Margaryan on extending the term of Lease Agreement No. 3801, concluded on August 19, 2005, for the land plot with an area of 43.9 sq.m. occupied by the garage located next to building No. 20/3 on Margaryan Street, and on making amendments and additions thereto

   • Beneficiary: Masis Margaryan
   • Executor: Head of Ajapnyak administrative district of Yerevan
   • Owner: Yerevan City Hall

   Object

   Adjacent to building 20/3, Margaryan street

   Cadastral code

   1979698

   Area

   43.9 m²

2. Act amendedMunicipal act

   add a new paragraph to point 16 of the agreement, with the following content: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031."

   Added 3801 · point 16

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

3. Act amendedMunicipal act

   remove the words "including carrying out capital construction in the manner prescribed by the legislation of the Republic of Armenia" from sub-point 4.2. of the agreement

   Deleted 3801 · sub-clause 4.2.

   including carrying out capital construction in the manner prescribed by the legislation of the Republic of Armenia

4. Act amendedMunicipal act

   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 3801 · sub-clause 4.4.

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

5. Act amendedMunicipal act

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

   Deleted 3801 · sub-clause 5.5.

   and alienate the fixed real estate to the lessor

6. Act amendedMunicipal act

   supplement point 6 of the agreement with a new sub-point 6.7, with 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, by notifying the lessee one month in advance, to withdraw from the agreement in the prescribed manner."

   Added 3801 · supplement point 6 with a new sub-point 6.7

   "6.7 In case of necessity to change the purpose of use of the leased land plot, the lessor has the right, by notifying the lessee one month in advance, to withdraw from the agreement in the prescribed manner."

7. Act amendedMunicipal act

   supplement point 6 of the agreement with a new sub-point 6.8, with the following content: "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 issues 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 issues of public importance, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or expired 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", based on the application of the lessor."

   Added 3801 · supplement point 6 with a new sub-point 6.8

   "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 issues 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 issues of public importance, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or expired 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", based on the application of the lessor."

8. Act amendedMunicipal act

   supplement point 6 of the agreement with a new sub-point 6.9, with the following content: "6.9 Hereby the parties unconditionally agree that the written notification of the Lessor on unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement is carried out simultaneously by the following three methods: a. The written notification of the Lessor is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b. The written notification of the Lessor is sent to the electronic address (mail) of the Lessee, if available, c. The written notification of the Lessor is sent by postal delivery via registered mail."

   Added 3801 · supplement point 6 with a new sub-point 6.9

   "6.9 Hereby the parties unconditionally agree that the written notification of the Lessor on unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement is carried out simultaneously by the following three methods: a. The written notification of the Lessor is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b. The written notification of the Lessor is sent to the electronic address (mail) of the Lessee, if available, c. The written notification of the Lessor is sent by postal delivery via registered mail."

9. Act amendedMunicipal act

   supplement point 6 of the agreement with a new sub-point 6.10, with the following content: "6.10 Hereby the parties 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 notification 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 3801 · supplement point 6 with a new sub-point 6.10

   "6.10 Hereby the parties 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 notification 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."

10. Act amendedMunicipal act

    state point 8 of the agreement in the following wording: "8. The annual rent of the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to Decision No. 463-Ն of December 23, 2025 of the Council of Elders of the City of Yerevan, amounts to 16,809 (sixteen thousand eight hundred nine) AMD (43.9 sq.m. x 38,290 x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 38,290 AMD per 1 sq.m."

    Replaced 3801 · point 8

    The annual rent of the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to Decision No. 463-Ն of December 23, 2025 of the Council of Elders of the City of Yerevan, amounts to 16,809 (sixteen thousand eight hundred nine) AMD (43.9 sq.m. x 38,290 x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 38,290 AMD per 1 sq.m.

11. Act amendedMunicipal act

    state point 9 of the agreement in the following wording: "9. In cases of change (increase) in the amount of rent due to the cadastral value of the land approximated to the market value and (or) 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) 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 does not change 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 3801 · point 9

    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.

12. Address assignedReal estate object

    To assign the address "G. Bashinjaghyan street, h.174/10" to the garage belonging to Masis Margaryan.

    • Beneficiary: Masis Margaryan

    Object

    G. Bashinjaghyan street, h.174/10

13. Execution assignedReal estate object

    Instruct the Real Estate Management Department of the Yerevan City Hall staff to send information regarding the address of the immovable property provided on the basis of this decision within 3 working days to the Yerevan territorial department of the Cadastre Committee of the Republic of Armenia and the corresponding subdivision and department of the Police of the Republic of Armenia in Yerevan, and to the head of the Ajapnyak administrative district.

    • Executor: Real Estate Management Department of Yerevan City Hall Staff
14. OtherMunicipal act

    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.

15. Execution assignedMunicipal act

    Assign the organization and responsibility for the execution of the decision to the head of the Ajapnyak administrative district of Yerevan.

    • Executor: Head of Ajapnyak administrative district of Yerevan
16. Oversight assignedMunicipal act

    Oversight of the execution of this decision is provided by the First Deputy Mayor of Yerevan A. Pambukhchyan.

    • Oversight: A. PAMBUKCHYAN

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