Because the high season might extend from December through March, this gives the owner a little bit of getaway flexibility. What sort of property interest you'll own if you purchase a timeshare depends upon the type of timeshare bought. Timeshares are generally structured either as shared deeded ownership or shared leased ownership. With shared deeded ownership, each owner is approved a portion of the real home itself, correlating to the amount of time bought. The owner receives a deed for his or her portion of the unit, specifying when the owner can utilize the property. This indicates that with deeded ownership, many deeds are issued for each property.