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

What was decided

1. Lease extendedLand plot

   Authorize the head of Kanaker-Zeytun administrative district, Artak Hovakimyan, to conclude an agreement on behalf of the Mayor of Yerevan with Mariam Khublaryan to extend the lease agreement No. 6408 dated December 29, 2004, for the land plot of 21.2 sqm occupied by garage 1 at 14 Azatutyan Avenue, and to make amendments and additions to it.

   • Counterparty: Mariam Khublaryan
   • Executor: Artak Hovakimyan

   Object

   14 Azatutyan Avenue, garage 1, Yerevan

   Cadastral code

   29012026-01-0509

   Area

   21.2 m²

2. Act amendedLease agreement

   Amend the contract by replacing the words "Erem Shaboyan" with "Mariam Khublaryan".

   Replaced 6408 · in the contract, replace the words "Erem Shaboyan" with "Mariam Khublaryan"

   Erem Shaboyan

   Mariam Khublaryan

3. Act amendedLease agreement

   Amend the contract by adding a new paragraph to clause 16: "The term of the contract has been extended until September 1, 2031, based on the agreement concluded between the parties."

   Added 6408 · add to clause 16 of the contract, with a new paragraph with the following content:

   The term of the contract has been extended until September 1, 2031, based on the agreement concluded between the parties.

4. Act amendedLease agreement

   Amend the contract by adding new sub-clauses 6.9 and 6.10 to clause 6, detailing the notification procedures for unilateral termination and the tenant's obligation to monitor online publications.

   Added 6408 · add new sub-clauses 6.9 and 6.10 to clause 6 of the contract, with the following content:

   6.9 The parties unconditionally agree that the landlord's written notice of unilateral termination of the contract pursuant to clause 6.8 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 via registered letter. 6.10 The parties unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the contract are considered proper and valid. Moreover, from the day the notification 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

   Amend clause 8 of the contract to specify the annual rent and the approximated cadastral value per square meter.

   Replaced 6408 · rewrite clause 8 of the contract as follows:

   The annual rent for the land plot is 19,213 AMD (nineteen thousand two hundred thirteen) (21.2 sqm x 90.628 x 1%) 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. The cadastral value of the land plot per 1 sqm, approximated to the market value at the time of concluding the contract, is 90.628 AMD.

   The annual rent for the land plot is 19,213 AMD (19 thousand two hundred thirteen) (21.2 sqm x 90.628 x 1%) 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. The cadastral value of the land plot per 1 sqm, approximated to the market value at the time of concluding the contract, is 90.628 AMD.

6. Act amendedLease agreement

   Amend clause 9 of the contract to specify the procedure for notifying the lessee of changes in rent and the conditions under which the rent is not changed.

   Replaced 6408 · rewrite clause 9 of the contract 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 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 has notified the Lessor of the early termination of the contract (withdrawal from the contract) before the end of the corresponding 15-day period.

   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 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 has notified the Lessor of the early termination of the contract (withdrawal from the contract) before the end of the corresponding 15-day period.

7. Execution assignedMunicipal act

   Entrust the organization and responsibility for the execution of this decision to the head of the Kanaker-Zeytun administrative district.

   • Executor: Artak Hovakimyan
8. Oversight assignedMunicipal act

   Ensure control over the execution of this decision by the First Deputy Mayor of Yerevan, Armen Pambukhchyan.

   • Oversight: Armen Pambukhchyan