On concluding a property lease agreement with Varazdat Navoyan

What was decided

1. Act amendedLease agreement

   To authorize the head of Kentron administrative district, in accordance with the procedure established by the legislation of the Republic of Armenia, on behalf of the Mayor of Yerevan, to conclude a property lease agreement with Varazdat Navoyan for a land plot of 20.0 sq.m. and a garage of 16.2 sq.m. located at Shara Talyan street, h.51/1, Yerevan, for a period until September 1, 2031, setting the annual lease payment in accordance with point 37 of the appendix to decision h.463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, which for the land plot amounts to 27885 /twenty-seven thousand eight hundred eighty-five/ AMD (20.0 sq.m. x 139425 AMD x 1%), for the building in the amount of the property tax for the current year, which as of 2026 amounts to 9611 /nine thousand six hundred eleven/ AMD, including sub-clauses 6.7, 6.8, 6.9 and 6.10 in the agreement with the following content and redrafting point 9 of the agreement with the following content:

   • Counterparty: Varazdat Navoyan
   • Executor: Yerevan City Hall

   Object

   Shara Talyan street, h.51/1

   Area

   20 m²

   27,885 dram — annual lease payment for the land plot

   Replaced 4779-Ա · 1

   1. To authorize the head of Kentron administrative district, in accordance with the procedure established by the legislation of the Republic of Armenia, on behalf of the Mayor of Yerevan, to conclude with Varazdat Navoyan: 1) an agreement on the termination of agreement h.1664 on granting the right to develop the land plot of 20.0 sq.m. located at Shara Talyan street, h.51/1, Yerevan, concluded on June 11, 2020. 2) a property lease agreement for the land plot of 20.0 sq.m. and a garage of 16.2 sq.m. located at Shara Talyan street, h.51/1, Yerevan, for a period until September 1, 2031, setting the annual lease payment in accordance with point 37 of the appendix to decision h.463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, which for the land plot amounts to 27885 /twenty-seven thousand eight hundred eighty-five/ AMD (20.0 sq.m. x 139425 AMD x 1%), for the building in the amount of the property tax for the current year, which as of 2026 amounts to 9611 /nine thousand six hundred eleven/ AMD. 2.1) to include sub-clauses 6.7, 6.8, 6.9 and 6.10 in the agreement 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 unilaterally withdraw from the agreement in the prescribed manner.». «6.8 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 courtyard and inter-courtyard 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, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or 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 right of lease arising from this agreement is recognized as invalid in accordance with sub-clause g) of point 3 of part 3 of article 35 of the Law "On State Registration of Rights to Property" on the basis of the lessor's application.». «6.9 Hereby the parties unconditionally agree that the lessor's written notification of unilateral withdrawal from the agreement in accordance with sub-clause 6.8 of the agreement is carried out simultaneously by the following three methods: a) The lessor's written notification is published on the www.yerevan.am website of Yerevan City Hall, as well as on the www.azdarar.am public notification website of the Republic of Armenia, 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.». «6.10 Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-clause 6.9 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 www.yerevan.am and www.azdarar.am websites throughout the entire period of the agreement's validity is his continuous and uninterrupted contractual obligation under any circumstances.»: 2.2) to redraft point 9 of the agreement with the following content: «9. In cases of change (increase) of the cadastral value of the land approximated to the market value and (or) the amount of the lease payment 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 (lease payment). In case of an increase in the cadastral value of the land approximated to the market value and (or) the lease payment, the calculated amount of the lease payment is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The lease payment does not change 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.»

   1) an agreement on the termination of agreement h.1664 on granting the right to develop the land plot of 20.0 sq.m. located at Shara Talyan street, h.51/1, Yerevan, concluded on June 11, 2020. 2) a property lease agreement for the land plot of 20.0 sq.m. and a garage of 16.2 sq.m. located at Shara Talyan street, h.51/1, Yerevan, for a period until September 1, 2031, setting the annual lease payment in accordance with point 37 of the appendix to decision h.463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, which for the land plot amounts to 27885 /twenty-seven thousand eight hundred eighty-five/ AMD (20.0 sq.m. x 139425 AMD x 1%), for the building in the amount of the property tax for the current year, which as of 2026 amounts to 9611 /nine thousand six hundred eleven/ AMD. 2.1) to include sub-clauses 6.7, 6.8, 6.9 and 6.10 in the agreement 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 unilaterally withdraw from the agreement in the prescribed manner.». «6.8 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 courtyard and inter-courtyard 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, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or 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 right of lease arising from this agreement is recognized as invalid in accordance with sub-clause g) of point 3 of part 3 of article 35 of the Law "On State Registration of Rights to Property" on the basis of the lessor's application.». «6.9 Hereby the parties unconditionally agree that the lessor's written notification of unilateral withdrawal from the agreement in accordance with sub-clause 6.8 of the agreement is carried out simultaneously by the following three methods: a) The lessor's written notification is published on the www.yerevan.am website of Yerevan City Hall, as well as on the www.azdarar.am public notification website of the Republic of Armenia, 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.». «6.10 Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-clause 6.9 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 www.yerevan.am and www.azdarar.am websites throughout the entire period of the agreement's validity is his continuous and uninterrupted contractual obligation under any circumstances.»: 2.2) to redraft point 9 of the agreement with the following content: «9. In cases of change (increase) of the cadastral value of the land approximated to the market value and (or) the amount of the lease payment 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 (lease payment). In case of an increase in the cadastral value of the land approximated to the market value and (or) the lease payment, the calculated amount of the lease payment is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The lease payment does not change 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.»

2. Act amendedLease agreement

   To authorize the head of Kentron administrative district, in accordance with the procedure established by the legislation of the Republic of Armenia, on behalf of the Mayor of Yerevan, to conclude an agreement with Varazdat Navoyan on the termination of agreement h.1664 on granting the right to develop the land plot of 20.0 sq.m. located at Shara Talyan street, h.51/1, Yerevan, concluded on June 11, 2020.

   • Counterparty: Varazdat Navoyan
   • Executor: Yerevan City Hall

   Object

   Shara Talyan street, h.51/1

   Area

   20 m²

   Replaced 1664

   on the termination of agreement h.1664 on granting the right to develop the land plot

   agreement on the termination of agreement h.1664 on granting the right to develop the land plot of 20.0 sq.m. located at Shara Talyan street, h.51/1, Yerevan, concluded on June 11, 2020

3. Execution assignedMunicipal act

   Organize the execution of the decision and assign responsibility to the head of Kentron administrative district of Yerevan.

   • Executor: Kentron administrative district of Yerevan
4. Oversight assignedMunicipal act

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

   • Oversight: A. Pambukhchyan
5. Cadastre action requestedMunicipal act

   To take into account that the rights arising from the agreement and contract provided for in point 1 of this decision are subject to state registration in the Cadastre Committee of the Republic of Armenia.

   • Executor: Cadastre Committee of the Republic of Armenia

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