Since the high season may extend from December through March, this offers the owner a bit of holiday flexibility. What sort of property interest you'll own if you buy a timeshare depends on the type of timeshare bought. Timeshares are typically structured either as shared deeded ownership or shared leased ownership. With shared deeded ownership, each owner is approved a percentage of the genuine residential or commercial property itself, correlating to the amount of time purchased. The owner receives a deed for his or her portion of the unit, specifying when the owner can utilize the property. This means that with deeded ownership, lots of deeds are released for each property.