This implies as an owner, you may be restricted from selling or otherwise moving your timeshare to another. Due to these aspects, a rented ownership interest may be bought for a lower purchase rate than a comparable deeded timeshare. With either a leased or deeded type of timeshare structure, the owner purchases the right to use one particular home.To use greater versatility, numerous resort developments participate in exchange programs. Exchange programs enable timeshare owners to trade time in their own property for time in another participating property. For example, the owner of a week in January at a condo system in a beach resort may trade the property for a week in a condo at a ski resort this year, and for a week in a New York City lodging the next.