What was decided

1. Lease extendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 19 of the agreement is supplemented with a new paragraph: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031."

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Replaced 2-3115 · Clause 19

   (original term)

   until September 1, 2031

2. Act amendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 7 of the agreement is supplemented with new sub-clauses 7.7, 7.8, and 7.9 with the following content: ...

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Added 2-3115 · Clause 7

   Clause 7

   Clause 7 of the agreement is supplemented with new sub-clauses 7.7, 7.8, and 7.9 with the following content: "7.7 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 withdraw from 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 withdrawal from 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 sub-point G of point 3 of part 3 of Article 35 of the Law "On State Registration of Property Rights". "7.8 The parties hereby unconditionally agree that the unilateral withdrawal from the agreement in accordance with sub-clause 7.7 of the agreement shall be carried out simultaneously in the following 3 ways: a) The written notification of the lessor shall be 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 written notification of the lessor shall be sent to the lessee's e-mail address/mail, if available, c) The written notification of the lessor shall be sent by postal delivery by registered mail." "7.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-clause 7.8 of the agreement are considered proper and valid. Moreover, from the day of publication of the notification on the mentioned websites, the lessee is considered duly notified of the unilateral withdrawal from 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."

3. Act amendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 9 of the agreement shall be worded as follows: "9. The annual rent for the land plot, in accordance with sub-point d) of point 1 of clause 40 of the annex to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, amounts to 22,294 (twenty-two thousand two hundred ninety-four) AMD (24.6 sqm x 90628 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 sqm."

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Replaced 2-3115 · Clause 9

   Clause 9

   Clause 9 shall be worded as follows: "9. The annual rent for the land plot, in accordance with sub-point d) of point 1 of clause 40 of the annex to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, amounts to 22,294 (twenty-two thousand two hundred ninety-four) AMD (24.6 sqm x 90628 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 sqm."

4. Act amendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 10 of the agreement shall be worded as follows: "10. In cases of changes (increase) in the cadastral value of land approximated to market value and/or the amount of rent by decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount 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 notifies the Lessor of the early termination of the agreement (withdrawal from the agreement) before the end of the corresponding 15-day period."

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Replaced 2-3115 · Clause 10

   Clause 10

   Clause 10 shall be worded as follows: "10. In cases of changes (increase) in the cadastral value of land approximated to market value and/or the amount of rent by decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount 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 notifies the Lessor of the early termination of the agreement (withdrawal from the agreement) before the end of the corresponding 15-day period."

5. Act amendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: In clause 16 of the agreement, the number "0.25" is replaced with "0.05".

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Replaced 2-3115 · Clause 16

   0.25

   0.05

6. Act amendedLease agreement

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Margarita Tumanyan to extend the term of the lease agreement No. 2-3115 dated 12.11.1999 for the land plot of 24.6 sqm occupied by garage 7 at 39a Gulbenkyan street, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 4 of the agreement shall be worded as follows: "The cadastral value of the land plot, approximated to the market value, is 90,628 AMD per 1 sqm."

   • Counterparty: Margarita Tumanyan
   • Owner: Yerevan Municipality

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

   Replaced 2-3115 · Clause 4

   Clause 4

   Clause 4 shall be worded as follows: "The cadastral value of the land plot, approximated to the market value, is 90,628 AMD per 1 sqm."

7. Execution assignedMunicipal act

   To entrust the organization and responsibility for the execution of this decision to the head of the Arabkir administrative district of Yerevan.

   • Executor: Arabkir administrative district of Yerevan
8. Oversight assignedMunicipal act

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

   • Oversight: A. Pambukhchyan
9. Cadastre action requestedReal estate object

   Take note that the right arising from the agreement specified in the first point of this decision is subject to state registration in the relevant territorial division of the Cadastre Committee of the Republic of Armenia.

   • Executor: State Committee of the Real Estate Cadastre of the Republic of Armenia

   Object

   Gulbenkyan street 39a, building 7, garage

   Cadastral code

   08062017-01-0157

   Area

   24.6 m²

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