Since the high season might extend from December through March, this gives the owner a little trip flexibility. What kind of residential or commercial property interest you'll own if you buy 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 given a portion of the real estate itself, associating to the amount of time purchased. The owner receives a deed for his/her percentage of the unit, specifying when the owner can use the property. This means that with deeded ownership, many deeds are provided for each residential or commercial property.