The club meets on the last Thursday of every month in a dilapidated place.

The correct answer is C. neglected.

A dilapidated place is one that is in a state of disrepair and neglect. It may be old, dirty, and falling apart. The club meets in this place because it is cheap and available. The members of the club do not care about the condition of the place, as long as it is a place where they can meet and socialize.

The other options are incorrect because they do not accurately describe the condition of the place. A furnished place is one that is equipped with furniture. A renovated place is one that has been repaired or restored. A regenerated place is one that has been revitalized or renewed.