Skip to main content
YFP
Mayor's decisions

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

3860-ԱIn force

This decision extends the lease agreement for a land plot occupied by a garage until September 1, 2031. It also amends the contract by changing the lessee's name, adding provisions regarding the lessor's right to unilaterally withdraw from the contract under specific circumstances, and adjusting the annual lease payment. The decision also mandates the state registration of the rights arising from the agreement. The execution of the decision is entrusted to the head of the Malatia-Sebastia administrative district, and control is assigned to the First Deputy Mayor.

Property managementMalatia-Sebastia

What was decided

  1. Lease extendedLand plot

    To extend the lease agreement for the land plot occupied by garage Z. Andraniki St, 58, apt. 11 until September 1, 2031

    • Counterparty: Misha Hovhannisyan
    • Executor: Sasha Katvalyan
    Object
    Z. Andraniki St, 58, apt. 11, garage
    Cadastral code
    1261/07-Մ/Ս
    Area
    19.2 m²
  2. Act amendedLease agreement

    Amend the contract by replacing the words "Nazaryan Silva" with "Misha Hovhannisyan"

    Replaced 1261/07-Մ/Ս · The words "Nazaryan Silva" in the contract

    Nazaryan Silva

    Misha Hovhannisyan

  3. Act amendedLease agreement

    Add a new paragraph to clause 16 of the contract stating that the lease term is extended until September 1, 2031

    Added 1261/07-Մ/Ս · Clause 16 of the contract

    The lease term is extended until September 1, 2031

  4. Act amendedLease agreement

    Delete from sub-clause 5.5 of the contract the words "and alienate the immobilized real estate to the "Lessor"

    Deleted 1261/07-Մ/Ս · Sub-clause 5.5 of the contract

    and alienate the immobilized real estate to the "Lessor"

  5. Act amendedLease agreement

    Add new clauses 6.7, 6.8, and 6.9 to the contract regarding the lessor's right to unilaterally withdraw from the contract under certain conditions, the notification procedure, and the lessee's obligation to monitor the mentioned websites

    Added 1261/07-Մ/Ս · Clauses 6.7, 6.8, and 6.9 of the contract

    Clause 6 of the contract

    Clause 6.7: The lessor has the right to unilaterally withdraw from this contract if Yerevan community or Yerevan Municipality approves urban development or investment programs, or regulates urban development issues of courtyard, inter-courtyard areas, as well as implements other programs with the participation of Yerevan community or regulates other public importance issues. In this case, the contract is considered terminated from the day following the receipt of the notification of unilateral withdrawal from the contract by the lessee, and the state registration of the lease right arising from this contract is recognized as invalid based on the application of the Lessor, in accordance with subparagraph c) of part 3 of Article 35 of the Law "On State Registration of Property Rights". Clause 6.8: The parties unconditionally agree that the written notification of the Lessor on unilateral withdrawal from the contract in accordance with clause 6.7 of the contract is carried out simultaneously in the following three ways: a) The Lessor's written notification is published on the official websites of Yerevan Municipality www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am; b) The Lessor's written notification is sent to the Lessee's email address (if available); c) The Lessor's written notification is sent by postal delivery via registered mail. Clause 6.9: The parties unconditionally agree and guarantee that the notification methods specified in clause 6.8 of the contract are considered proper and valid. In addition, from the day of publication of the notification on the mentioned websites, the Lessee is considered properly notified of the unilateral withdrawal from the contract. The Lessee 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.

  6. Act amendedLease agreement

    Amend clause 8 of the contract to state that the annual land lease payment is 7352 AMD, calculated as 1% of the cadastral value of 38290 AMD per sqm

    Replaced 1261/07-Մ/Ս · Clause 8 of the contract

    The annual lease payment for the land plot is 1,539,276 AMD. The cadastral value per sqm, approximated to the market value at the time of contract signing, is 38290 AMD.

    Annual land lease payment is 7352 AMD (19.2 sqm x 38290 AMD x 1%). The cadastral value per sqm, approximated to the market value at the time of contract signing, is 38290 AMD.

  7. Act amendedLease agreement

    Amend clause 9 of the contract to specify the procedure for notifying the lessee of changes in cadastral value or lease payments, and the conditions for applying these changes

    Replaced 1261/07-Մ/Ս · Clause 9 of the contract

    Clause 9 of the contract

    In case of an increase in the cadastral value of land approximated to the market value and/or the lease payment amount determined by the decisions of the Council of Elders of Yerevan, the Lessor is obliged to notify the Lessee in writing in advance about the new value (lease payment). In case of an increase in the cadastral value of land approximated to the market value and/or the lease payment, the calculated lease payment amount is subject to application (the contract is considered amended) no earlier than 15 days after written notification thereof. The lease payment 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.

  8. Cadastre action requestedReal estate object

    The right arising from the agreement concluded in clause 1 of this decision is subject to state registration in the relevant unit of the State Committee of the Real Estate Cadastre of Armenia

    • Applicant: Misha Hovhannisyan
    Object
    Z. Andraniki St, 58, apt. 11, garage
    Cadastral code
    1261/07-Մ/Ս
    Area
    19.2 m²
  9. Execution assignedMunicipal act

    Entrust the organization and responsibility for the execution of this decision to the head of the Malatia-Sebastia administrative district of Yerevan

    • Executor: Sasha Katvalyan
  10. Oversight assignedMunicipal act

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

    • Oversight: Armen Pambukhchyan

Full text

MAYOR OF YEREVAN

DECISION

RA, 0015, Yerevan, Argishti 1
№____________ « » 2026

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

The basis for the adoption of the administrative act was the application of Misha Hovhannisyan to extend the term of the lease agreement concluded for the land occupied by the garage at Z. Andraniki Street, building 58, apt. 11 (state registration certificate of rights to real estate No. 04062020-01-0113), and to make amendments and additions to the agreement.

The cadastral value of the garage at Z. Andraniki Street, building 58, apt. 11 is 1,539,276 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 of June 4, 2020, and the appendix to Decision No. 463-N of the Yerevan City Council of December 23, 2025:

  1. Authorize Sasha Katvalyan, Head of the Malatia-Sebastia Administrative District of Yerevan, to conclude an agreement on behalf of the Mayor of Yerevan with Misha Hovhannisyan, in accordance with the procedure established by law, on extending the term of lease agreement No. 1261/07-M/S concluded on July 19, 2005, for the land plot of 19.2 sq.m. occupied by the garage at Z. Andraniki Street, building 58, apt. 11, and to make amendments and additions thereto, including the following amendments and additions to the agreement:

    1. replace the words "Nazaryan Silva" with the words "Misha Hovhannisyan" in the agreement

    2. supplement point 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."

  1. remove the words "and alienate the fixed immovable property to the "Lessor"" from sub-point 5.5. of the contract.
  2. supplement point 6 of the contract with new sub-points 6.7., 6.8. and 6.9., with the following content:
    "6.7. 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 issues in 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 issues 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."
    "6.8. Hereby the parties unconditionally agree that the Lessor's written notice of unilateral withdrawal from the contract in accordance with sub-point 6.7. of the contract shall be carried out simultaneously by the following three methods:
    a) The Lessor's written notice is published on the websites of the Yerevan Municipality www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am,
    b) The Lessor's written notice is sent to the Lessee's e-mail address (if available),
    c) The Lessor's written notice is sent by postal delivery - by registered mail."
    "6.9. Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-point 6.8. of the contract are considered proper and valid. Moreover, from the date of publication of the notice on the specified websites, the Lessee is considered properly notified of the unilateral withdrawal from the contract. The Lessee unconditionally agrees that throughout the entire term of the contract, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances."
  3. point 8 of the contract shall be set forth in the following wording:
    "8. The annual rent for the land plot, in accordance with paragraph d) of sub-point 1 of point 40 of Annex to Decision No. 463-N of December 23, 2025, of the Council of Elders of Yerevan, amounts to 7352 (seven thousand three hundred fifty-two) AMD (19.2 sq.m x 38290 AMD x 1%). At the time of concluding the contract, the cadastral value of the land plot approximated to the market value is 38290 AMD per 1 sq.m."
  4. point 9 of the contract shall be set forth in the following wording:
    "9. In cases of change (increase) in 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 Yerevan, the Lessor is obliged to notify in advance of the new value (rent)"

written notice to the Lessee. In case of an increase in the cadastral value of the land approximated to the market value and (or) the rent, the calculated rent amount shall be subject to application (the contract shall be considered amended) no earlier 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."

  1. 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 RA Cadastre Committee.

  2. 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.

  3. The organization and responsibility for the execution of the decision shall be placed on the head of the Malatia-Sebastia administrative district of Yerevan.

  4. Control over the implementation of this decision shall be ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

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

X
ARMEN PAMBUKHCHYAN
Signed by: PAMBUKHCHYAN ARMEN 3611840246