There are two separate two-month periods to consider. Once all the terms of a new lease are ‘agreed’ (Leasehold Reform (Collective Enfranchisement and Lease Renewal) Regulations 1993 (LR(CELR)R 1993), SI 1993/2407, Sch 2, para 7(1)). LR(CELR)R 1993, SI 1993/2407 provides a timetable for the preparation of a draft lease by the landlord (within 14 days), for the consideration of any amendments by either side and approval of the same and the execution of the lease and a counterpart by the parties (LR(CELR)R 1993, SI 1993/2407, Sch 2, para 7). At least 42 days are provided for this process. Further, once approval