Since the high season may stretch from December through March, this gives the owner a bit of getaway versatility. What sort of residential or commercial property interest you'll own if you purchase a timeshare depends upon the kind of timeshare bought. Timeshares are typically structured either as shared deeded ownership or shared rented ownership. With shared deeded ownership, each owner is granted a portion of the real estate itself, correlating to the amount of time purchased. The owner gets a deed for his/her percentage of the system, specifying when the owner can use the residential or commercial property. This implies that with deeded ownership, numerous deeds are issued for each residential or commercial property.