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In this video tutorial, Craig from SharePoint Maven explains how to transfer the ownership of a Microsoft Form to a Microsoft 365 group. He begins by clarifying that forms created by an individual belong to their account, limiting management and access to that user. To transfer ownership, users must select the form, click on the three dots (menu), and choose the "move" option. This action will display a list of all Microsoft 365 groups available within the tenant, allowing the user to select the desired group for ownership transfer. This process enables collaborative management of the form among group members.