Because the high season may extend from December through March, this provides the owner a little bit of getaway versatility. What kind of residential or commercial property interest you'll own if you buy a timeshare depends upon the type of timeshare purchased. Timeshares are typically structured either as shared deeded ownership or shared leased ownership. With shared deeded ownership, each owner is approved a portion of the genuine residential or commercial property itself, associating to the quantity of time acquired. The owner receives a deed for his or her portion of the unit, defining when the owner can use the residential or commercial property. This means that with deeded ownership, lots of deeds are provided for each residential or commercial property.