Who is referred to as the Transferor in a manufactured home transaction?

In a manufactured home transaction, the term "Transferor" specifically refers to the person who is transferring ownership of the manufactured home. This role is critical in the transaction process, as the Transferor is typically the current owner who either sells or gives away the manufactured home, thus formally passing on ownership rights to the recipient.

Understanding this term is essential for comprehending the dynamics of ownership transfer, as it clarifies who is responsible for the provision of title and the legal transition of ownership. The Transferor may be required to adhere to various legal obligations, including disclosing information about the home's condition and ensuring that all necessary paperwork is completed to facilitate a smooth transfer.

The other roles mentioned are distinct and do not involve the action of transferring ownership. For instance, the person leasing a manufactured home is not involved in a transaction that changes ownership but rather in a rental agreement. Similarly, the person receiving ownership is called the Transferee, and the individual inspecting the home has a separate function related to assessing the property rather than transferring title.