Decision to extend the land plot lease agreement and make amendments and additions to the agreement

What was decided

1. Lease extendedLand plot

   Extend the lease term of the land plot occupied by garage 3 at 6 Zakyan Street, with an area of 17.0 sqm, under lease agreement No. 23/35-840 dated 03.11.2004, and make amendments and additions to it.

   • Owner: Yerevan City Hall
   • Beneficiary: Gor Pivazyan

   Object

   6 Zakyan St., apt. 3, Yerevan

   Cadastral code

   01-0264

   Area

   17 m²

2. Act amendedLease agreement

   Replace the words "Vigen, Marietta and Ruzanna Davtyans" with "Gor Pivazyan" in the contract.

   Replaced lease agreement No. 23/35-840 dated 03.11.2004 · Contract text

   Vigen, Marietta and Ruzanna Davtyans

   Replace the words "Vigen, Marietta and Ruzanna Davtyans" with "Gor Pivazyan" in the contract.

3. Act amendedLease agreement

   Add a new paragraph to clause 18 of the contract: "Based on the agreement concluded between the parties, the term of the contract has been extended until September 1, 2031".

   Added lease agreement No. 23/35-840 dated 03.11.2004 · Clause 18

   Add a new paragraph to clause 18 of the contract with the following content: "Based on the agreement concluded between the parties, the term of the contract has been extended until September 1, 2031".

4. Act amendedLease agreement

   Add new sub-clauses 6.8 and 6.9 to clause 6 of the contract regarding notification procedures for unilateral termination and tenant's obligation to monitor official websites.

   Added lease agreement No. 23/35-840 dated 03.11.2004 · Clause 6

   Add new sub-clauses 6.8 and 6.9 to clause 6 of the contract with the following content: "6.8 The parties hereby unconditionally agree that the landlord's written notice of unilateral termination of the contract in accordance with clause 6.7 of the contract is carried out simultaneously in the following three ways: a) The landlord's written notice is published on the official website of the Yerevan Municipality www.yerevan.am, as well as on the website of public notices of the Republic of Armenia www.azdarar.am, b) The landlord's written notice is sent to the tenant's email address (if available), c) The landlord's written notice is sent by postal mail as a registered letter." "6.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.8 of the contract are considered proper and valid. Moreover, from the day the notice is published on the mentioned websites, the tenant is considered duly notified of the unilateral termination of the contract. The tenant unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the contract is its continuous and uninterrupted contractual obligation."

5. Act amendedLease agreement

   Redraft clause 8 of the contract regarding the annual rent calculation and cadastral value.

   Replaced lease agreement No. 23/35-840 dated 03.11.2004 · Clause 8

   Clause 8 of the contract shall be redrafted as follows: "8. The annual rent for the land plot, in accordance with sub-clause d) of clause 40 of the annex to the decision of the Yerevan Council of Elders of December 23, 2025, No. 463-N, amounts to 36,465 (thirty-six thousand four hundred sixty-five) AMD (17.0 sqm x 214,500 AMD x 1%). The cadastral value of the land plot, approximated to the market value at the time of signing the contract, is 214,500 AMD per sqm."

6. Act amendedLease agreement

   Redraft clause 9 of the contract regarding notification of changes in cadastral value or rent, and the procedure for applying these changes.

   Replaced lease agreement No. 23/35-840 dated 03.11.2004 · Clause 9

   Clause 9 of the contract shall be redrafted as follows: "9. In case of changes (increase) in the cadastral value of land approximated to market value and/or the amount of rent by decisions of the Yerevan Council of Elders, 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 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 notifies the Lessor of the early termination of the contract (withdrawal from the contract) before the end of the corresponding 15-day period."

7. Cadastre action requestedReal estate object

   Take note that the right arising from the agreement mentioned in clause 1 of this decision is subject to state registration with the relevant division of the State Committee of the Real Estate Cadastre of the Republic of Armenia.

   • Executor: RA State Committee of the Real Estate Cadastre

8. Execution assignedMunicipal act

   Organize and take responsibility for the execution of this decision.

   • Executor: Head of Kentron Administrative District of Yerevan
9. Oversight assignedMunicipal act

   Ensure control over the execution of this decision.

   • Oversight: A. Pambukhchyan