What was decided

1. Act repealedMunicipal act

   Recognize as invalid Decision No. 3060-A of the Mayor of Yerevan dated June 22, 2026 "On extending the term of the land lease agreement, making amendments and additions to the agreement".

   • Other: Mayor of Yerevan
2. Execution assignedLease agreement

   Authorize the head of the Nor Nork administrative district of Yerevan to conclude an agreement on behalf of the Mayor of Yerevan, in accordance with the procedure established by legislation, with Anton Shahinyan, regarding the extension of the term of lease agreement No. 2083 dated 21.07.1998 for the land plot with an area of 71.0 sq.m occupied by the shop-pavilion at 2/2, Ar. Mikoyan Street, Nor Nork 5th microdistrict, and making amendments and additions thereto, including the following amendments and additions to the agreement:

   • Executor: Head of the Nor Nork administrative district of Yerevan
   • Counterparty: Anton Shahinyan

   Object

   Lease agreement No. 2083 dated 21.07.1998 for the land plot with an area of 71.0 sq.m occupied by the shop-pavilion at 2/2, Ar. Mikoyan Street, Nor Nork 5th microdistrict

   Area

   71 m²

3. Act amendedLease agreement

   replace the words "Aghvan Vardanyan" in the agreement with the words "Anton Shahinyan"

   Replaced 2083 · in the agreement

   Aghvan Vardanyan

   Anton Shahinyan

4. Act amendedLease agreement

   add a new paragraph to clause 19 of the agreement with the following content: "The term of the agreement has been extended until September 1, 2029, based on the agreement concluded between the parties."

   Added 2083 · Clause 19 of the agreement

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

5. Act amendedLease agreement

   rephrase clause 4 of the agreement as follows: "4. The cadastral value of the land plot, approximated to the market value, is 16.177 AMD per 1 sq.m."

   Replaced 2083 · Clause 4 of the agreement

   "4. The cadastral value of the land plot, approximated to the market value, is 16.177 AMD per 1 sq.m."

6. Act amendedLease agreement

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

   Deleted 2083 · clause 5.2 of the agreement

   (including carrying out capital construction)

7. Act amendedLease agreement

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

   Deleted 2083 · clause 5.5 of the agreement

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

8. Act amendedLease agreement

   add new clauses 7.6, 7.7, 7.8 and 7.9 to clause 7 of the agreement with the following content: "7.6 In case of the need to change the purpose of the leased land plot, the Lessor has the right to terminate the agreement in the prescribed manner, having previously informed the Lessee one month in advance." "7.7 Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, as well as the implementation of other programs by or with the participation of the community of Yerevan, or due to the regulation of other public interest issues, the Lessor has the right to unilaterally terminate this agreement, in which case the agreement is considered terminated or ceased from the day following the expiration of three months from the date of receipt by the Lessee of the notification of unilateral termination of this agreement, 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"." "7.8 The parties hereby unconditionally agree that the Lessor's written notification of unilateral termination of the agreement in accordance with clause 7.7 of the agreement is carried out simultaneously in the following three ways: a) The Lessor's written notification is published on the official website of the Yerevan Municipality www.yerevan.am, as well as on the website of public announcements of the Republic of Armenia www.azdarar.am, b) The Lessor's written notification is sent to the Lessee's e-mail address (mail), if available, c) The Lessor's written notification is sent by postal delivery via registered mail." "7.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 7.8 of the agreement are considered proper and valid. Moreover, from the day of publication of the notification on the specified websites, the Lessee is considered duly notified of the unilateral termination of 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."

   Added 2083 · Clause 7 of the agreement

   "7.6 In case of the need to change the purpose of the leased land plot, the Lessor has the right to terminate the agreement in the prescribed manner, having previously informed the Lessee one month in advance." "7.7 Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, as well as the implementation of other programs by or with the participation of the community of Yerevan, or due to the regulation of other public interest issues, the Lessor has the right to unilaterally terminate this agreement, in which case the agreement is considered terminated or ceased from the day following the expiration of three months from the date of receipt by the Lessee of the notification of unilateral termination of this agreement, 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"." "7.8 The parties hereby unconditionally agree that the Lessor's written notification of unilateral termination of the agreement in accordance with clause 7.7 of the agreement is carried out simultaneously in the following three ways: a) The Lessor's written notification is published on the official website of the Yerevan Municipality www.yerevan.am, as well as on the website of public announcements of the Republic of Armenia www.azdarar.am, b) The Lessor's written notification is sent to the Lessee's e-mail address (mail), if available, c) The Lessor's written notification is sent by postal delivery via registered mail." "7.9 The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 7.8 of the agreement are considered proper and valid. Moreover, from the day of publication of the notification on the specified websites, the Lessee is considered duly notified of the unilateral termination of 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."

9. Act amendedLease agreement

   rephrase clause 9 of the agreement as follows: "9. The annual rent for the land plot, according to subparagraph g) of point 1 of clause 40 of the annex to Decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, is 45,943 (forty-five thousand nine hundred forty-three) AMD (71.0 sq.m x 16.177 AMD x 2%) x 2 (coefficient). At the time of signing the agreement, the cadastral value of the land plot, approximated to the market value, is 16.177 AMD per 1 sq.m."

   Replaced 2083 · Clause 9 of the agreement

   "9. The annual rent for the land plot, according to subparagraph g) of point 1 of clause 40 of the annex to Decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, is 45,943 (forty-five thousand nine hundred forty-three) AMD (71.0 sq.m x 16.177 AMD x 2%) x 2 (coefficient). At the time of signing the agreement, the cadastral value of the land plot, approximated to the market value, is 16.177 AMD per 1 sq.m."

10. Act amendedLease agreement

    rephrase clause 10 of the agreement as follows: "10. In case of changes (increase) in the cadastral value of the land approximated to the market value and (or) the amount of rent 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 (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 being notified in writing about it. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (termination of the agreement) before the end of the corresponding 15-day period."

    Replaced 2083 · Clause 10 of the agreement

    "10. In case of changes (increase) in the cadastral value of the land approximated to the market value and (or) the amount of rent 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 (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 being notified in writing about it. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (termination of the agreement) before the end of the corresponding 15-day period."

11. Act amendedLease agreement

    replace the number "103004220O44" in clause 13 of the agreement with the number "900035050120"

    Replaced 2083 · Clause 13 of the agreement

    103004220O44

    900035050120

12. Act amendedLease agreement

    replace the number "O.25" in clauses 15 and 16 of the agreement with "0.05"

    Replaced 2083 · Clauses 15 and 16 of the agreement

    O.25

    0.05

13. Execution assignedOther

    Assign the organization and responsibility for the execution of the decision to the head of the Nor Nork administrative district of Yerevan.

    • Executor: Head of the Nor Nork administrative district of Yerevan
14. Oversight assignedOther

    Oversight of the execution of this decision is provided by the First Deputy Mayor of Yerevan A. Pambukhchyan.

    • Oversight: A. Pambukhchyan
15. Cadastre action requestedOther

    Take note that the right arising from the agreement specified in clause 2 of this decision is subject to state registration in the relevant unit of the Cadastral Committee of the Republic of Armenia.

    • Other: RA Cadastre Committee
16. OtherOther

    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.

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