What type of property ownership can be dissolved by one party through a legal petition?

The correct answer is that joint tenancy can be dissolved by one party through a legal petition. In joint tenancy, multiple parties hold equal shares of a property with the right of survivorship, meaning that if one tenant dies, their interest automatically passes to the surviving joint tenants. However, joint tenants have the ability to petition the court for a partition if they no longer wish to co-own the property or if there is a dispute. This legal action can lead to the division of the property or its sale, effectively dissolving the joint tenancy.

Tenancy by the entirety is a form of ownership typically reserved for married couples, and it requires both parties to agree to any changes or actions regarding the property. Community property is generally recognized in certain states as property acquired during a marriage, which cannot be unilaterally dissolved by one party without consent from the other. Tenancy in common allows for fractional ownership that can be sold or transferred without mutual agreement, but it does not inherently provide a legal petition mechanism for dissolution like joint tenancy. Therefore, joint tenancy is distinct in its ability for one party to petition for dissolution.