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Co-Ops

Munro & Crawford have one of the largest Co-Op practices in Metro Vancouver. We are the registered and records office, and act as solicitors for more than 20 apartment corporations, and we are the designated solicitors for the only two chartered banks who are prepared to finance the purchase apartment corporations. In co-op financing the bank takes a mortgage against the apartment lease, and charges the shares in the apartment corporation which are issued to the purchaser, upon completion of the purchase and sale transaction.

Many law firms and notaries are not familiar with the intricacies of transferring ownership in a co-op apartment, and as stated above, only two chartered banks in the region are prepared to lend money to the purchaser of a co-op apartment. For this reason, we are frequently instructed to act for the co-op vendor or purchaser of a co-op, even when we are not acting for the apartment corporation or the lending bank.

The majority of the apartment corporations for whom we act, and the majority of apartment sales transactions requiring legal services, are situated on the west side of Vancouver. This is one more reason that clients appreciate our convenient Kerrisdale location.

A co-op lease and shares can often make up a significant portion of an owner’s estate. Because of our expertise in both co-ops and estates, we are frequently retained by the executors of estates requiring the transfer of co-op interests to a survivor, or to a third-party purchaser.

What our clients say

My family has known, relied and trusted Mr. Peter Crawford’s law firm Munro & Crawford for our legal needs ranging from corporate, real estate and family law for over forty (40) years. The service provided has consistently been personable, practical and professional. More importantly, the performance has constantly been prompt, proficient and productive. I would highly recommend Mr. Crawford and his legal team to anyone who desire to obtain such quality service and results. Peter Tioco
My uncle, who lived in Vancouver, passed away in August 2012. I was the executor of his estate but I live in San Francisco. I needed someone who was local, knowledgeable, and trustworthy to help me and my family. Fortunately, we found our way to Munro and Crawford. They turned what could easily have been a very stressful situation into a manageable project … On multiple occasions they went beyond the call of duty to help my family through this difficult time. I have found their work to be the perfect combination of professional mixed in with a personal touch. Andy Chan (estate file)
Peter and Katarina have been working with me through trying times, helping me not only with their expertise and efficiency, but also with a warm, personal touch, which goes well beyond the call of duty. With their assistance, a complex and unfamiliar situation has become manageable. Pablo Restrepo
I have known Peter for many years and we have done a great deal of work together on clients who required complex [Canadian income tax structures] to achieve their goals, and others who needed our services to assist in divesting all or a part of their business, or to make an acquisition. Peter is able to adapt his skills to deal large multi-million dollar transactions as well as much smaller ones. George Battye, Chartered Accountant
[Munro & Crawford] have advised us on so many things over the years both large and small. No matter the size of the problem [Munro & Crawford] were always there with calm and sensible advice. Resolving all manner of things – both business and personal. Allen and Russet MacKay

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