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If you buy a deeded timeshare unit, you will be given an actual deed of ownership, and become a part owner of equity in the property. When buying on a right-to-use basis, however, you are paying for the right to use your suite for a set period of time (sometimes just a few years, sometimes longer). Those who buy into right-to-use timeshares are essentially just buying a prepaid hotel room, and gaining the contractual right to stay there for a set length of time. For casual vacationers looking to save a bit money on accommodation, this can sometimes be a good deal, but it lacks the flexibility and investment value of a deeded ownership.