There are many types of Timeshares but the 4 basic are described within. Yours might be dissimilar or yet still, even be a mixture of the plans.
Deeded Timeshare (Fixed Unit, Fixed Week)
Here you will be given a deed that testifies you own a particular Timeshare at a definite time each year.
A Floating Time Agreement
Flexible time available for Timeshare usage. When reserving it is on a first-come basis, since every owner has that same choice.
This is a lease and at the end you will no longer have any rights to the property.
Points-Based or Vacation Clubs
Timeshare owners can pick from a assortment of vacation spot where each stay uses points, which vary depending upon the timeshare and season procured.