What is the definition of 'transferor' as it relates to transactions?

The definition of 'transferor' in the context of transactions refers to a person or entity that is involved in transferring ownership or interest in property, which can include manufactured housing. This term encompasses anyone who conveys title, ownership rights, or other interests in a property, making it integral to the process of selling or otherwise transferring manufactured housing.

When considering the correct definition, it is essential to understand that the role of a transferor can include individuals or businesses that enact the method of transferring ownership, whether through sale, gift, or other means. Their primary function is to initiate and facilitate the transfer of the property from one party to another.

The other options do not fully encapsulate the broader scope of what a transferor is. While leasing housing, offering it for sale, or being a buyer are all related to the transactions involving manufactured housing, they do not specifically define the role of a transferor. The essence of the definition is rooted in the act of transferring ownership rather than just participating in a lease or being on the receiving end of a sale.