What was decided

1. Lease extendedLand plot

   Authorize the head of Yerevan’s Shengavit administrative district to conclude an agreement with Vahan Mkhitaryan, on behalf of the Mayor of Yerevan, in the manner prescribed by law, on extending the term of lease agreement No. PB-2452 11/262 concluded on 16.03.1999 for the land plot of 24.0 sq.m. occupied by the garage located near building No. 29 on Manandyan Street, and on making amendments and additions thereto, including the following amendments and additions to the agreement: 1) supplement clause 19 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."

   • Counterparty: Vahan Mkhitaryan
   • Executor: To the head of Yerevan’s Shengavit administrative district

   Object

   H. Manandyan Street, No. 29/3

   Cadastral code

   ՓԲ-2452 11/262

   Area

   24 m²

   Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 19

   (without end date)

   until September 1, 2031

2. Act amendedLease agreement

   remove the words "(including carrying out capital construction)" from sub-clause 5.2 of the agreement.

   Deleted lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 5.2

   (without this clause)

   (including carrying out capital construction)

3. Act amendedLease agreement

   remove the words "(or alienate the improvements made on the land and the fixed property in favor of the Lessor)" from sub-clause 5.5 of the agreement.

   Deleted lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 5.5

   (without this clause)

   (or alienate the improvements made on the land and the fixed property in favor of the Lessor)

4. Act amendedLease agreement

   set forth clause 4 of the agreement in the following content: 4 The cadastral value per 1 sq.m. of the land plot approximated to the market value is 58908 AMD.

   Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 4

   (original text)

   The cadastral value per 1 sq.m. of the land plot approximated to the market value is 58908 AMD.

5. Act amendedLease agreement

   supplement clause 7 of the agreement with new sub-clauses 7.6, 7.7, 7.8 and 7.9 of the following content: "7.6 In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance.

   Added lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 7.6

   (original text)

   In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance.

6. Act amendedLease agreement

   "7.7 The lessor has the right to unilaterally withdraw from this agreement due to the implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or the regulation of urban development issues 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 issues of public importance, 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 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 in accordance with sub-clause G of clause 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property" based on the lessor's application.

   Added lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 7.7

   (original text)

   The lessor has the right to unilaterally withdraw from this agreement due to the implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or the regulation of urban development issues 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 issues of public importance, 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 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 in accordance with sub-clause G of clause 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property" based on the lessor's application.

7. Act amendedLease agreement

   "7.8 Hereby the parties unconditionally agree that the lessor's written notification of unilateral withdrawal from the agreement in accordance with sub-clause 7.7 of the agreement is carried out simultaneously by the following three methods: a) the lessor's written notification is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notifications website of the Republic of Armenia www.azdarar.am; b) the lessor's written notification is sent to the lessee's email address (mail) if available; c) the lessor's written notification is sent by postal delivery via registered mail.

   Added lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 7.8

   (original text)

   The lessor's written notification is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notifications website of the Republic of Armenia www.azdarar.am; b) the lessor's written notification is sent to the lessee's email address (mail) if available; c) the lessor's written notification is sent by postal delivery via registered mail.

8. Act amendedLease agreement

   "7.9 Hereby the parties 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 date of publication of the notification on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that monitoring the websites www.yerevan.am and www.azdarar.am throughout the term of the agreement is his continuous contractual obligation that is not interrupted by any circumstance.

   Added lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 7.9

   (original text)

   Hereby the parties 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 date of publication of the notification on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that monitoring the websites www.yerevan.am and www.azdarar.am throughout the term of the agreement is his continuous contractual obligation that is not interrupted by any circumstance.

9. Act amendedLease agreement

   set forth clause 10 of the agreement in the following wording: "10. In cases of change (increase) of 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 the City 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 the land approximated to the market value and (or) the rent, the calculated amount of rent 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 has notified the Lessor of the early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.

   Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 10

   (original text)

   In cases of change (increase) of 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 the City 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 the land approximated to the market value and (or) the rent, the calculated amount of rent 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 has notified the Lessor of the early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.

10. Act amendedLease agreement

    set forth clause 9 of the agreement in the following wording: "9. The annual rent for the land plot, in accordance with paragraph d) of sub-clause 1 of clause 40 of the appendix to decision No. 463-Ն of December 23, 2025 of the Council of Elders of the City of Yerevan, is 14137 /fourteen thousand one hundred thirty-seven/ AMD (24.0 sq.m. x 58908 AMD x 1%). At the time of concluding the agreement, the cadastral value per 1 sq.m. of the land plot approximated to the market value is 58908 AMD.

    Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 9

    (original text)

    The annual rent for the land plot, in accordance with paragraph d) of sub-clause 1 of clause 40 of the appendix to decision No. 463-Ն of December 23, 2025 of the Council of Elders of the City of Yerevan, is 14137 /fourteen thousand one hundred thirty-seven/ AMD (24.0 sq.m. x 58908 AMD x 1%). At the time of concluding the agreement, the cadastral value per 1 sq.m. of the land plot approximated to the market value is 58908 AMD.

11. Act amendedLease agreement

    in clause 13 of the agreement, replace the number "103004220044" with the number "900025100117".

    Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Article 13

    103004220044

    900025100117

12. Act amendedLease agreement

    in clauses 15 and 16 of the agreement, replace the number "0.25%" with the number "0.05%".

    Replaced lease agreement No. PB-2452 11/262 dated 16.03.1999 · Articles 15 and 16

    0.25%

    0.05%

13. Address assignedReal estate object

    Assign the address "H. Manandyan Street, No. 29/3" to the garage located near building No. 29 on Manandyan Street.

    • Executor: To the head of Yerevan’s Shengavit administrative district

    Object

    H. Manandyan Street, No. 29/3

14. Execution assignedReal estate object

    Instruct the Real Estate Management Department of Yerevan City Hall staff to send information regarding the address of the real estate provided on the basis of this decision to the Yerevan territorial division of the RA Cadastre Committee staff and the relevant division of the RA Police of Yerevan city, and to the head of Shengavit administrative district within 3 working days.

    • Executor: To the Real Estate Management Department of Yerevan City Hall staff
15. Oversight assignedMunicipal act

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

    • Oversight: A. Pambukhchyan

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