Purchasing assets When you buy a company's assets, you buy the property it owns. Because you are not buying the company itself, you will not assume responsibility for its obligations. In this case, the vendor or the company itself will remain responsible for the lease after the sale.
Property records are public. People may use these records for background information on purchases, mortgages, asset searches, and other legal and financial transactions. Reviewing these documents is not necessarily the same as a title search.
ACRIS stands for Automated City Register Information System (ACRIS). It's primarily a database of the property records (which are public) for all commercial and residential properties in NYC's four boroughs: the Bronx, Brooklyn, Manhattan, and Queens. Staten Island is not part of ACRIS.
You can search for property records and property ownership information online, in person, or over the phone with a 311 representative. Property owners of all boroughs except Staten Island can visit ACRIS. To search documents for Staten Island property, visit the Richmond County Clerk's website.