303. Voluntary registration.

A person may apply to the registrar1 to be registered as the proprietor of an unregistered legal estate of any of the following kinds:

  1.  

    (1)     a freehold estate;

  2.  

    (2)     a lease for a term of which more than seven years are unexpired2;

  3.  

    (3)     a lease for a discontinuous term whatever its length;

  4.  

    (4)     a franchise;

  5.