Which element of a master budget would normally be prepared last?

Environmental hazards not itemized in the Transfer Disclosure Statement (TDS) include:

a. hazardous construction materials and waste. b. window security bars and inoperable release mechanisms. c. environmental noise. d. whether the property is located in a special flood hazard area.

A lease for a three-year term that called for rent to be paid quarterly expired. If at the end of the term, the landlord were to accept another payment of rent, the lease would be

A. extended another three years. B. a periodic tenancy. C. extended for a term not to exceed one year. D. cancelled in any event.