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

   To authorize the head of Ajapnyak administrative district to conclude an agreement on behalf of the Mayor of Yerevan with Ruzanna Harutyunyan to extend the lease agreement No. 3797 dated August 25, 2005, for the land plot of 15.6 sqm occupied by garage 2, building 29, Shinaraarner street, and to make amendments and additions to it.

   • Owner: Yerevan Municipality
   • Beneficiary: Ruzanna Harutyunyan

   Object

   Garage 2, building 29, Shinaraarner street, Yerevan

   Cadastral code

   22012016-01-0123

   Area

   15.6 m²

2. Act amendedLease agreement

   Replace the words "Seda Tarosyan" with "Ruzanna Harutyunyan" in the contract.

   Replaced lease agreement No. 3797 · In the contract

   Seda Tarosyan

   Replace the words "Seda Tarosyan" with the words "Ruzanna Harutyunyan"

3. Act amendedLease agreement

   Add a new paragraph to clause 16 of the contract: "Based on the agreement concluded between the parties, the term of the contract has been extended until September 1, 2031."

   Added lease agreement No. 3797 · Clause 16

   Add a new paragraph to clause 16 with the following content: "Based on the agreement concluded between the parties, the term of the contract has been extended until September 1, 2031."

4. Act amendedLease agreement

   Remove the words "and to alienate the attached real estate to the lessor" from sub-clause 5.5 of the contract.

   Deleted lease agreement No. 3797 · Sub-clause 5.5

   and to alienate the attached real estate to the lessor

5. Act amendedLease agreement

   Add new sub-clauses 6.8, 6.9, and 6.10 to clause 6 of the contract regarding the lessor's right to unilaterally terminate the contract under certain conditions, the notification methods, and the lessee's acknowledgment of these methods.

   Added lease agreement No. 3797 · Clause 6

   Add new sub-clauses 6.8, 6.9, and 6.10 to clause 6 with the following content: 6.8 The lessor has the right to unilaterally terminate this contract, in which case the contract 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 the contract, 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 Rights to Property". 6.9 The parties hereby unconditionally agree that the lessor's written notification of unilateral termination of the contract in accordance with sub-clause 6.8 shall be carried out simultaneously by the following three methods: a. The lessor's written notification shall be published on the official websites of the 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 shall be sent to the lessee's e-mail address (if available), c. The lessor's written notification shall be sent by postal mail via registered letter. 6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in sub-clause 6.9 of the contract are considered proper and valid. In this case, the lessee is considered duly notified of the unilateral termination of the contract from the day of publication of the notification on the specified websites. 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

   Rewrite clause 8 of the contract to specify the annual rent for the land plot as 5,973 AMD, based on decision No. 463-N, and state the cadastral value approximating the market value.

   Replaced lease agreement No. 3797 · Clause 8

   Clause 8. The annual rent for the land plot, in accordance with subparagraph 'd' of clause 1 of Article 40 of the annex to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, amounts to 5,973 (five thousand nine hundred seventy-three) AMD (15.6 sqm x 38,290 x 1%). At the time of concluding the contract, the cadastral value approximating the market value of the land plot is 38,290 AMD per 1 sqm.

7. Act amendedLease agreement

   Rewrite clause 9 of the contract to specify the procedure for changing the rent amount due to changes in cadastral value or rent decisions, including notification periods and conditions for non-change of rent.

   Replaced lease agreement No. 3797 · Clause 9

   Clause 9. In cases of change (increase) in the cadastral value of land approximating market value and/or the amount of rent by 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 land approximating 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 notifies the lessor of the early termination of the contract (rejection of the contract) before the expiration of the corresponding 15-day period.