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Mayor's decisions

On extending the term of the land lease agreement and making amendments and additions to the agreement

4008-ԱIn force

This decision concerns the extension of the lease agreement for the land occupied by the snack bar located at 9/2 Nar-Dos Street and making amendments to it. The amendments include clarifying the names of the tenants, extending the term of the agreement until September 1, 2029, and revising the amount and calculation procedure of the annual rent.

Property managementKentron

What was decided

  1. Execution assignedLease agreement

    Authorize the Head of Kentron administrative district of Yerevan to conclude an agreement with Hayk and Ashot Ghazaryan on behalf of the Mayor of Yerevan, regarding the extension of the lease agreement No. 18814 concluded on 22.08.2005 for the land plot of 41.7 sq.m. occupied by the snack bar located at 9/2 Nar-Dos Street, and to make amendments and additions to it.

    • Executor: Head of Kentron administrative district of Yerevan
    • Counterparty: Hayk Ghazaryan
    • Counterparty: Ashot Ghazaryan
  2. Act amendedMunicipal act

    Replace the words «Hayk and Armen Ghazaryan» with «Hayk and Ashot Ghazaryan» in the agreement.

    Replaced վարձակալության հ.18814 պայմանագիր

    Hayk and Armen Ghazaryan

    Hayk and Ashot Ghazaryan

  3. Act amendedMunicipal act

    Supplement point 18 of the agreement with a new paragraph: «Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2029».

    Added վարձակալության հ.18814 պայմանագիր · point 18

    Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2029.

  4. Act amendedMunicipal act

    Redraft point 8 of the agreement as follows: «The annual rent for the land plot, according to subparagraph 1, point 40, of the appendix to decision No. 463-N of the Yerevan Council of Elders of December 23, 2025, amounts to 226,751 AMD (41.7 sq.m. x 90,628 AMD x 2%) x 3 coefficient. 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 sq.m.».

    Replaced վարձակալության հ.18814 պայմանագիր · point 8

    The annual rent for the land plot, according to subparagraph 1, point 40, of the appendix to decision No. 463-N of the Yerevan Council of Elders of December 23, 2025, amounts to 226,751 AMD (41.7 sq.m. x 90,628 AMD x 2%) x 3 coefficient. 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 sq.m.

  5. Act amendedMunicipal act

    Redraft point 9 of the agreement as follows: «In cases of changes (increase) in the cadastral value of the land approximated to the 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 the land approximated to the market value and/or the 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 does not change if the Lessee has notified the Lessor of early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.».

    Replaced վարձակալության հ.18814 պայմանագիր · point 9

    In cases of changes (increase) in the cadastral value of the land approximated to the 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 the land approximated to the market value and/or the 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 does not change if the Lessee has notified the Lessor of early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.

  6. Execution assignedOther

    The organization and responsibility for the execution of the decision shall be assigned to the Head of Kentron administrative district of Yerevan.

    • Executor: Head of Kentron administrative district of Yerevan
  7. Oversight assignedOther

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

    • Oversight: A. Pambukhchyan

Full text

YEREVAN MAYOR
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 Hayk and Ashot Ghazaryan regarding the extension of the term of the lease agreement concluded for the land occupied by the snack bar (state registration certificate of rights to real estate dated 10.07.2026, No. 10072026-01-0133) located at Nar-Dos street, h.9/2, owned by them under the right of common shared ownership.

The cadastral value of the snack bar located at Nar-Dos street, h.9/2 is 10,030,780 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:

  1. Authorize the head of the Kentron administrative district of Yerevan to conclude an agreement on behalf of the Mayor of Yerevan with Hayk and Ashot Ghazaryan, in accordance with the procedure established by law, on extending the term of lease agreement No. 18814 concluded on 22.08.2005 for the land plot with an area of 41.7 sq.m. occupied by the snack bar located at Nar-Dos street, h.9/2, and on making amendments and additions thereto, including the following amendments and additions to the agreement:
  1. replace the words "Hayk and Armen Ghazaryan" with the words "Hayk and Ashot Ghazaryan" in the agreement.
  2. supplement point 18 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, 2029.".

  1. set out point 8 of the agreement in the following wording:

«8. The annual rent of the land plot, in accordance with paragraph 1, subparagraph (g) of point 40 of the annex to decision No. 463-N of the Yerevan City Council of December 23, 2025, amounts to 226,751 (two hundred twenty-six thousand seven hundred fifty-one) AMD (41.7 sq.m x 90,628 AMD x 2%) x 3 coefficient. At the time of signing the contract, the cadastral value approximated to the market value of the land plot for 1 sq.m is 90,628 AMD.».

  1. point 9 of the contract shall be set forth in the following wording:

«9. In cases of change (in case of increase) of the cadastral value of the land approximated to the market value and (or) the amount of rent by 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) the rent, the calculated amount of rent shall be applied (the contract shall be considered amended) no sooner than 15 days after written notification thereof. The rent shall not be changed if the Lessee has notified the Lessor about the early termination of the contract (renunciation of 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 Cadastre Committee of the Republic of Armenia.
  2. This decision may be appealed administratively to the Mayor of Yerevan or judicially to the Administrative Court of the Republic of Armenia within two months from the date of its entry into force.
  3. The organization and responsibility for the execution of the decision shall be entrusted to the head of the Kentron administrative district of Yerevan.
  4. Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

TIGRAN AVINYAN