@Mike Liu there's no industry standard, which can be a challenge!

In the hot areas in my market where we are using escalation clauses...it is standard practice to show the first page with names blacked out to justify the escalation amount.

This division is standard unless Cousin A and Cousin B agree to a different allocation of income and expenses in a written agreement.

In addition to keeping doors and windows operational, requiring renters insurance, develop a standardized criteria that you will apply to all dogs/cats.

Pre Payment penalties are standard of 3-5 years, and can usually be eliminated completely for an increase in the interest rate of 1.5-2%+/-.

The other popular open floor plan was American Standard 

Tenants don't see any difference between a den and a bedroom as long as it's a functional living space, so you won't run into any issues thereIt's unlikely that you would have to pump out the system more than normal with standard usage, but one thing I would recommend is to always ensure your septic alarm is fully operational.

I just want to know if there is an industry standard or convention in this situation for how these things are divided up between the PMC and on-site management.

Hi Steve,I am certianly no expert but I believe the P&S agreement on a Sub 2 is not necessarily entirely different to a standard P&S agreement but I have seen Sub 2 versions to have verbiage such as the excerpt in the sample below, in addition to all the other standard clauses/ sections - as with anything, I would suggest you run this past your attorney to confirm it works in your state/ for your needs.

Section 8 standards in our area are high (depending on the inspector).