What form of ownership involves multiple owners sharing responsibility for a property?

The form of ownership that involves multiple owners sharing responsibility for a property is a limited partnership. In a limited partnership, there are two types of partners: general partners, who manage the business and have full liability, and limited partners, who contribute capital and share in the profits but have limited control over the operations and limited liability. This structure allows individuals to pool their resources and share both the risks and rewards associated with property ownership.

The other options reflect different ownership structures. A sole proprietorship refers to ownership by a single individual, which doesn't involve shared responsibility. Individual investors typically manage their investments independently, without a partnership framework. Commercial specifically refers to the type of property (e.g., retail, office space) rather than the structure of ownership. Thus, the limited partnership is distinct in that it explicitly permits multiple individuals to collaboratively engage in property ownership while delineating the levels of responsibility and liability among them.