Since the high season may stretch from December through March, this offers the owner a little bit of vacation versatility. What sort of home interest you'll own if you purchase a timeshare depends on the type of timeshare purchased. Timeshares are typically structured either as shared deeded ownership or shared rented ownership. With shared deeded ownership, each owner is approved a portion of the real estate itself, correlating to the quantity of time acquired. The owner receives a deed for his or her portion of the system, specifying when the owner can use the property. This indicates that with deeded ownership, lots of deeds are released for each home.