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