Extending the term of the land plot lease agreement and making amendments and additions to the agreement

4201-Ա28 August 2026In force

The Mayor of Yerevan has decided to extend the lease agreement for a land plot occupied by garage 4 of building 28 on Vardananq Street. The decision includes amendments to the contract, such as changing a name, extending the lease term until September 1, 2031, and modifying clauses related to termination and rent payment. The head of the Center Administrative District is authorized to finalize the agreement, and control over the execution is assigned to the First Deputy Mayor.

Property managementKentron

What was decided

Contract extendedLease agreement
Authorize the head of the Center Administrative District of Yerevan to conclude an agreement with Hakob Hakobyan on behalf of the Mayor of Yerevan to extend the term of the lease agreement No. 3270 dated 06.09.2004 for the land plot of 23.4 sqm occupied by garage 4 of building 28 on Vardananq Street, and to make amendments and additions to it.
- Counterparty: Hakob Hakobyan
- Executor: Center Administrative District of Yerevan
Object
Vardananq Street, building 28, garage 4
Cadastral code
23072021-01-0112
Area
23.4 m²
Act amendedLease agreement
Replace the words "Henrik Hakobyan" with "Hakob Hakobyan" in the contract.
Replaced 3270 · In the contract, replace the words "Henrik Hakobyan" with the words "Hakob Hakobyan"
Henrik Hakobyan
Henrik Hakobyan
Act amendedLease agreement
Add to clause 18 of the contract: "The term of the contract has been extended until September 1, 2031, based on the agreement concluded between the parties."
Added 3270 · Add a new paragraph to clause 18 of the contract with the following content:
The term of the contract has been extended until September 1, 2031, based on the agreement concluded between the parties.
Act amendedLease agreement
Remove from clause 5.5 of the contract the words "and alienate the leased immovable property to the lessor".
Deleted 3270 · Remove the words "and alienate the leased immovable property to the lessor" from clause 5.5 of the contract.
and alienate the leased immovable property to the lessor,
Act amendedLease agreement
Add new clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 of the contract regarding the lessor's right to terminate the contract under certain conditions, the notification procedure, and the lessee's obligation to monitor official websites.
Added 3270 · Add new clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 of the contract with the following content:
6.7 The lessor has the right to terminate the contract in the prescribed manner, having previously notified the lessee one month in advance, in case of a need to change the purpose of use of the leased land plot. 6.8 In case of implementation of urban development or investment programs approved by the community of Yerevan or the Municipality of Yerevan, or regulation of urban development issues of courtyard, inter-courtyard areas, as well as implementation of other programs by or with the participation of the community of Yerevan or regulation of other public importance issues, the lessor has the right to unilaterally terminate this contract, in which case the contract is considered terminated (ceased) on the day following the expiration of three months from the moment of receipt of the notification of unilateral termination of 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 on the basis of subparagraph c) of part 3 of Article 35 of the Law "On State Registration of Property Rights". 6.9 The parties hereby unconditionally agree that the written notification of the Lessor on unilateral termination of the contract in accordance with clause 6.8 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 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 is sent to the Lessee's e-mail address (mail), if available, c) The Lessor's written notification is sent by postal delivery by registered mail. 6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in 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 term of the contract is its continuous and uninterrupted contractual obligation under any circumstances.
6.7 The lessor has the right to terminate the contract in the prescribed manner, having previously notified the lessee one month in advance, in case of a need to change the purpose of use of the leased land plot. 6.8 In case of implementation of urban development or investment programs approved by the community of Yerevan or the Municipality of Yerevan, or regulation of urban development issues of courtyard, inter-courtyard areas, as well as implementation of other programs by or with the participation of the community of Yerevan or regulation of other public importance issues, the lessor has the right to unilaterally terminate this contract, in which case the contract is considered terminated (ceased) on the day following the expiration of three months from the moment of receipt of the notification of unilateral termination of 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 on the basis of subparagraph c) of part 3 of Article 35 of the Law "On State Registration of Property Rights". 6.9 The parties hereby unconditionally agree that the written notification of the Lessor on unilateral termination of the contract in accordance with clause 6.8 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 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 is sent to the Lessee's e-mail address (mail), if available, c) The Lessor's written notification is sent by postal delivery by registered mail. 6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in 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 term of the contract is its continuous and uninterrupted contractual obligation under any circumstances.
Act amendedLease agreement
Rewrite clause 8 of the contract to specify the annual rent and the approximated cadastral value per square meter.
Replaced 3270 · Rewrite clause 8 of the contract as follows:
The annual rent for the land plot is AMD 21,206 (twenty-one thousand two hundred six) (23.4 sqm x AMD 90,628 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the contract, is AMD 90,628 per 1 sqm.
The annual rent for the land plot is AMD 21,206 (twenty-one thousand two hundred six) (23.4 sqm x AMD 90,628 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the contract, is AMD 90,628 per 1 sqm.
Act amendedLease agreement
Rewrite clause 9 of the contract to specify the procedure for notifying the lessee about changes in cadastral value or rent, and the conditions under which the rent is not changed.
Replaced 3270 · Rewrite clause 9 of the contract as follows:
In case of a change (increase) in the cadastral value of land approximated to the market value and/or the amount of rent established 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 land approximated to the market value and/or rent, the calculated rent amount is subject to application (the contract 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 contract (refusal of the contract) before the end of the corresponding 15-day period.
In case of a change (increase) in the cadastral value of land approximated to the market value and/or the amount of rent established 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 land approximated to the market value and/or rent, the calculated rent amount is subject to application (the contract 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 contract (refusal of the contract) before the end of the corresponding 15-day period.
Cadastre action requestedLease agreement
Acknowledge that the right arising from the agreement referred to in point 1 of this decision is subject to state registration in the relevant unit of the State Committee of the Real Estate Cadastre of the Republic of Armenia.
- Executor: State Committee of the Real Estate Cadastre of the Republic of Armenia
Execution assignedMunicipal act
Entrust the organization of the execution of this decision and the responsibility to the head of the Center Administrative District of Yerevan.
- Executor: Center Administrative District of Yerevan
Oversight assignedMunicipal act
Ensure control over the execution of this decision by the First Deputy Mayor of Yerevan A. Pambukhchyan.
- Oversight: A. 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 Hakob Hakobyan to extend the term of the lease agreement concluded for the land occupied by the garage No. 4 of building No. 28 on Vardanants Street (state registration of rights to immovable property 23.07.2021, certificate No. 23072021-01-0112).

The cadastral value of the garage No. 4 of building No. 28 on Vardanants Street is 1,838,134 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 Proceedings", parts 1 of Articles 466 and 468 of the Civil Code, Decision No. 1023-N of June 4, 2020 of the Government of the Republic of Armenia, and the appendix to Decision No. 463-N of December 23, 2025 of the Council of Elders of Yerevan.

Authorize the head of the Kentron administrative district of Yerevan to conclude an agreement with Hakob Hakobyan, on behalf of the Mayor of Yerevan, in the manner prescribed by law, on extending the term of lease agreement No. 3270 concluded on 06.09.2004 for the land plot with an area of 23.4 sq.m. occupied by the garage No. 4 of building No. 28 on Vardanants Street, and on making amendments and additions thereto, including the following amendments and additions to the agreement:
1. replace the words "Henrik Hakobyan" with the words "Hakob Hakobyan" 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, 2031."

remove the words "and alienate the fixed immovable property to the lessor," from sub-point 5.5 of the contract.
supplement point 6 of the contract with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content:
"6.7 In case of necessity to change the purpose of use of the leased land plot, the lessor has the right, by notifying the lessee one month in advance, to withdraw from the contract in the prescribed manner."
"6.8 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 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 contract is considered terminated /ceased/ on the day following the expiration of three months from the moment the lessee receives the notification of unilateral withdrawal from the contract, and the state registration of the right of lease arising from this contract is recognized as invalid on the basis of the lessor's application 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"."
"6.9 Hereby the parties unconditionally agree that the lessor's written notification of unilateral withdrawal from the contract in accordance with sub-point 6.8 of the contract is carried out simultaneously by the following three methods:
a) The lessor's written notification is published on the websites of the Yerevan Municipality www.yerevan.am, as well as the public notifications 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 by registered mail."
"6.10 Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-point 6.9 of the contract 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 contract. The lessee unconditionally agrees that throughout the entire period of validity of the contract, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation by any circumstance."
point 8 of the contract shall be set forth in the following wording:
"8. The annual rent of the land plot, according to 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 21,206 (twenty-one thousand two hundred six) AMD (23.4 sq.m x 90,628 AMD x 1%). 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 drams."
point 9 of the contract shall be set forth in the following wording:

In cases of changes (in case of increase) in the cadastral value of 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 land approximated to the market value and (or) rent, the calculated amount of rent 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 has notified the Lessor about the early termination of the contract (renunciation of the contract) before the expiration of the corresponding 15-day period.
Take into account 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.
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.
The organization and responsibility for the execution of the decision shall be assigned to the head of the Kentron administrative district of Yerevan.
Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

TIGRAN AVINYAN