This suggests as an owner, you may be restricted from selling or otherwise transferring your timeshare to another. Due to these elements, a rented ownership interest may be purchased for a lower purchase cost than a similar deeded timeshare. With either a leased or deeded type of timeshare structure, the owner buys the right to use one specific home.To use greater versatility, many resort developments take part in exchange programs. Exchange programs enable timeshare owners to trade time in their own home for time in another taking part property. For instance, the owner of a week in January at a condo system in a beach resort might trade the home for a week in an apartment at a ski resort this year, and for a week in a New York City lodging the next.