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In this tutorial, Craig from SharePoint Maven explains how to transfer ownership of a Microsoft Form to a Microsoft 365 group. He highlights that forms initially belong to the creator's account, meaning all responses and management are solely under their control. To transfer ownership, users should click the three dots on the form they want to transfer and select the "Move" option. This action allows users to choose a destination from a list of all Microsoft 365 groups available within their tenant. This process grants a group the ability to manage the form collectively.