Considering that the high season may extend from December through March, this provides the owner a bit of trip flexibility. What kind of home interest you'll own if you buy a timeshare depends on the type of timeshare acquired. Timeshares are generally structured either as shared deeded ownership or shared leased ownership. With shared deeded ownership, each owner is granted a portion of the real estate itself, correlating to the amount of time acquired. The owner receives a deed for his/her percentage of the system, defining when the owner can utilize the home. This indicates that with deeded ownership, many deeds are issued for each home.