Decision on extending the term of the lease agreement for the land plot and making amendments and additions to the agreement.

3998-Ա14 August 2026In force

This decision extends the lease agreement for a land plot occupied by garage 16 of building 62, K. Ulnetsi St., until September 1, 2031. It also amends the agreement by changing the lessee's name, updating clause 16 regarding the extension, removing a clause about alienating property, adding new clauses (6.8-6.10) detailing the lessor's right to unilaterally terminate the agreement and the notification procedures, revising clause 8 to state the annual rent as 18,126 AMD and the cadastral value per square meter as 90.628 AMD, modifying clause 9 regarding rent adjustments and termination notice periods, and correcting a number in clause 12. The decision also notes that the resulting right is subject to state registration.

Property managementKanaker-Zeytun

What was decided

Lease extendedLand plot
To extend the term of the land lease agreement concluded for the land plot occupied by garage 16 of building 62, K. Ulnetsi St., and to make amendments and additions to the agreement.
- Beneficiary: Kristine Vardanyan
- Executor: Artak Hovakimyan
- Owner: Yerevan Municipality
Object
1 K. Ulnetsi St., Bldg. 62, Apt. 16, Yerevan, Armenia
Area
20 m²
Act amendedMunicipal act
Amend the agreement by replacing the words "Gayane Mirzoyan" with "Kristine Vardanyan".
Replaced 3963 · In the agreement, replace the words "Gayane Mirzoyan" with the words "Kristine Vardanyan"
Gayane Mirzoyan
Kristine Vardanyan
Act amendedMunicipal act
Extend the term of the agreement until September 1, 2031.
Added 3963 · Supplement clause 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."
until September 1, 2031
Act amendedMunicipal act
Remove from clause 5.5 the words "and alienate the attached real estate to the lessor".
Deleted 3963 · Remove from clause 5.5 the words "and alienate the attached real estate to the lessor"
and alienate the attached real estate to the lessor
Act amendedMunicipal act
Add new clauses 6.8, 6.9, and 6.10 to clause 6 of the agreement regarding the lessor's right to unilaterally terminate the agreement under certain conditions, the notification procedure, and the lessee's obligation to monitor official websites.
- Executor: Artak Hovakimyan
- Beneficiary: Kristine Vardanyan
- Owner: Yerevan Municipality
Added 3963 · Add new clauses 6.8, 6.9, and 6.10 to clause 6 of the agreement with the following content: ...
Add new clauses 6.8, 6.9, and 6.10 to clause 6 of the agreement with the following content: ...
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, inter-courtyard areas, as well as due to the implementation of other programs by or with the participation of the community of Yerevan or the regulation of other public issues, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated (ceased) 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 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". 6.9. The parties hereby unconditionally agree that the written notice of unilateral withdrawal from the agreement in accordance with clause 6.8 of the agreement is carried out simultaneously by the following three methods: a) The lessor's written notice 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 notice is sent to the Lessee's e-mail address (mail), if available, c) The lessor's written notice is sent by postal delivery by registered mail. 6.10. The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the agreement are considered proper and valid. Moreover, from the day of publication of the notice 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 term of the agreement is its continuous and uninterrupted contractual obligation under any circumstances.
Act amendedMunicipal act
The annual rent for the land plot is 18,126 AMD. The cadastral value per square meter is 90.628 AMD.
Replaced 3963 · Rewrite clause 8 of the agreement as follows: "The annual rent for the land plot, in accordance with subparagraph d) of point 1 of clause 40 of the annex to the decision of the Council of Elders of Yerevan of December 23, 2025, No. 463-N, is 18,126 (eighteen thousand one hundred twenty-six) AMD (20.0 sqm x 90.628 x 1%). The cadastral value per square meter, approximated to the market value at the time of concluding the agreement, is 90.628 AMD."
The annual rent for the land plot is 18,126 AMD (20.0 sqm x 90.628 x 1%). The cadastral value per square meter, approximated to the market value at the time of concluding the agreement, is 90.628 AMD.
18,126 (eighteen thousand one hundred twenty-six) AMD (20.0 sqm x 90.628 x 1%)
Act amendedMunicipal act
The Lessor must notify the Lessee in writing in advance of any changes in the cadastral value of the land or rent. Rent changes take effect 15 days after notification, unless the Lessee terminates the agreement earlier.
Replaced 3963 · Rewrite clause 9 of the agreement as follows: "In cases of change (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 relevant 15-day period."
In case of change (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 relevant 15-day period.
In clause 9, rewrite as follows: "In cases of change (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 relevant 15-day period."
Act amendedMunicipal act
Replace the number "900035500041" with "900035500405" in clause 12 of the agreement.
Replaced 3963 · Replace the number "900035500041" in clause 12 with "900035500405".
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 Real Estate Cadastre Committee.
- Executor: State Real Estate Cadastre Committee
Object
1 K. Ulnetsi St., Bldg. 62, Apt. 16, Yerevan, Armenia

Full text

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

ON EXTENDING THE TERM OF THE LEASE AGREEMENT CONCLUDED FOR THE LAND PLOT, AND MAKING AMENDMENTS AND ADDITIONS TO THE AGREEMENT

The basis for the adoption of the administrative act was the application of Kristine Vardanyan
on extending the term of the lease agreement concluded for the land plot occupied by garage No. 16
of building No. 62 on K. Ulnetsu Street (certificate of ownership/use right of immovable property
No. 2846666 dated 17.09.2011).
The cadastral value of garage No. 16 of building No. 62 on K. Ulnetsu Street is
1,720,534 AMD.
Guided by Article 49 of the Law "On Local Self-Government in the City of Yerevan",
Articles 3, 53, 59 and 60 of the 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
dated June 4, 2020, and the Appendix to Decision No. 463-N of the Yerevan City Council dated December 23, 2025:

Authorize Artak Hovakimyan, Head of the Kanaker-Zeytun administrative district of Yerevan,
in accordance with the procedure established by law, on behalf of the Mayor of Yerevan,
to conclude an agreement with Kristine Vardanyan on extending the term of lease agreement No. 3963
for the land plot with an area of 20.0 sq.m. occupied by garage No. 16 of building No. 62 on K. Ulnetsu Street,
concluded on August 1, 2005, and making amendments and additions thereto,
including the following amendments and additions to the agreement:

replace the words "Gayane Mirzoyan" with the words "Kristine Vardanyan" in the agreement.
supplement point 16 of the agreement with a new paragraph of the following content:
"Based on the agreement concluded between the Parties, the term of the agreement
has been extended until September 1, 2031."
remove the words "and alienating the fixed immovable property to the lessor," from sub-point 5.5 of the agreement.
Supplement point 6 of the contract with new sub-points 6.8, 6.9 and 6.10, with the following content:
"6.8. The Lessor has the right to unilaterally withdraw from this contract due to the implementation of urban development or investment programs approved by the Yerevan community or the Yerevan Municipality, or the regulation of urban development problems of yard and inter-yard areas, as well as the implementation of other programs by or with the participation of the Yerevan community or the regulation of other problems of public importance, in which case the contract is considered terminated /ceased/ on the day following the expiration of three months from the date of receipt of the notice of unilateral withdrawal from the contract by the Lessee, and the state registration of the right of lease arising from this contract 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."
"6.9 The parties hereby unconditionally agree that the Lessor's written notice of unilateral withdrawal from the contract in accordance with sub-point 6.8 of the contract shall be carried out simultaneously by the following three methods:
a) The Lessor's written notice is published on the official website of the Yerevan Municipality www.yerevan.am, as well as on the public notices website of the Republic of Armenia www.azdarar.am,
b) The Lessor's written notice is sent to the Lessee's email address (if available),
c) The Lessor's written notice is sent by postal delivery via registered mail."
"6.10 The parties hereby unconditionally agree and guarantee that the notification methods mentioned in sub-point 6.9 of the contract are considered proper and valid. Moreover, the Lessee is considered properly notified of the unilateral withdrawal from the contract from the day the notice is published on the mentioned websites. The Lessee unconditionally agrees that throughout the entire period of validity of the contract, monitoring the websites www.yerevan.am and www.azdarar.am is their continuous and uninterrupted contractual obligation under any circumstances."
Point 8 of the contract shall be set forth in the following wording:
"8. The annual rent for the land plot, in accordance with sub-point d) of point 1 of sub-point 40 of the appendix to decision No. 463-N of December 23, 2025, of the Yerevan City Council, amounts to 18,126 /eighteen thousand one hundred twenty-six/ AMD /20.0 sq.m x 90.628 x 1%/. At the time of signing the contract, the cadastral value of the land plot approximated to the market value is 90.628 AMD per 1 sq.m."
Point 9 of the contract shall be set forth 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 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 the market value and (or) rent, the calculated amount of rent is subject to

apply (the contract is considered amended) no sooner than 15 days after written notification thereof. The rent shall not be changed if the Lessee has notified the Lessor of the early termination of the contract (withdrawal from the contract) before the expiration of the corresponding 15-day period.".

in point 12 of the contract: replace the number "900035500041" with the number "900035500405".

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 RA Cadastre Committee.
This decision may be appealed administratively to the Mayor of Yerevan or judicially to the Administrative Court of the Republic of Armenia within a two-month period from the date of its entry into force.
The organization and responsibility for the execution of the decision shall be assigned to the head of the Kanaker-Zeytun administrative district of Yerevan.
Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

FIRST DEPUTY MAYOR OF YEREVAN, ACTING MAYOR OF YEREVAN ARMEN PAMBUKHCHYAN

ARMEN PAMBUKHCHYAN

Signed by: PAMBUKHCHYAN ARMEN 3611840246