Because the high season may extend from December through March, this gives the owner a little trip versatility. What type of home interest you'll own if you buy a timeshare depends on the kind of timeshare purchased. Timeshares are typically 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, associating to the quantity of time purchased. The owner receives a deed for his/her portion of the unit, defining when the owner can use the home. This means that with deeded ownership, many deeds are issued for each residential or commercial property.