The joint ownership or lease of a property by multiple people who can only use it for specified periods every year, or every other year.

present participle of time-share

A property jointly owned or leased by multiple people who are allowed to use (or sublet) it only during specified periods each year.

(transitive) To own or lease (a property) by time-sharing. / (transitive, computing) To use (a computer or communications band) by time-sharing.

simple past tense and past participle of time-share

Third-person singular simple present indicative form of time-share