Document:

<PAGE>

                                                                 EXHIBIT 10.1.18

                      THE AMERICAN INSTITUTE OF ARCHITECTS
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                             AIA DOCUMENT A117-1987
                      ABBREVIATED FORM OF AGREEMENT BETWEEN
                              OWNER AND CONTRACTOR
                                       for
                     CONSTRUCTION PROJECTS OF LIMITED SCOPE
                        where the basis of payment is the
                           COST OF THE WORK PLUS A FEE
                   with or without a Guaranteed Maximum Price

                                  1987 EDITION

      THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES; CONSULTATION WITH AN
     ATTORNEY IS ENCOURAGED WITH RESPECT TO ITS COMPLETION OR MODIFICATION.

  This document includes abbreviated General Conditions and should not be used
       with other General Conditions. It has been approved and endorsed by
                 The Associated General Contractors of America.

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AGREEMENT

made as of the 28th day of March in the year Two Thousand and Three. This
contract is being entered into in accordance with the Resolution of the Board of
Directors of Roberts Realty Investors, Inc., dated March 20, 2001. At said
meeting of the Board of Directors, the Directors specifically authorized by a
6-0 unanimous vote for Roberts Realty Investors, Inc. to retain Roberts
Properties Construction, Inc. to construct the 220-unit Northridge Pointe
Apartment Community for its costs plus 10% in accordance with this contract:

BETWEEN the Owner:      Roberts Properties Residential, L.P.
                        8010 Roswell Road, Suite 120
                        Atlanta, Georgia  30350

and the Contractor:     Roberts Properties Construction, Inc.
                        8010 Roswell Road, Suite 120
                        Atlanta, Georgia  30350

The Project is:         Northridge Pointe Apartments
                        450 Northridge Parkway
                        Atlanta, Georgia 30350

The Architect is:       Smallwood, Reynolds, Stewart, Stewart & Associates, Inc.
                        One Piedmont Center, Suite 303
                        3565 Piedmont Road
                        Atlanta, GA 30305

                        Or any other Architect selected by the Owner.

The Owner and Contractor agree as set forth below.

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    AIA DOCUMENT A117 - ABBREVIATED COST-PLUS OWNER-CONTRACTOR AGREEMENT -
                            SECOND EDITION - AIA(R)
  (C)1987 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W.,
                            WASHINGTON, D.C. 20006

                                                                     A117-1987 1

<PAGE>

                                    ARTICLE 1
                            THE WORK OF THIS CONTRACT

1.1      The Contractor shall execute the entire Work described in the Contract
Documents, except to the extent specifically indicated in the Contract Documents
to be the responsibility of others, or as follows:

All site clearing, grading, utilities, paving, curb and gutters, landscaping,
etc. associated with the construction of a total of 220 one or two bedroom
apartment units, a swimming pool, maintenance/carwash building and trash
compactor. The property consists of 10.93 acres of land located on Northridge
Parkway in Land Lots 25 and 26 of the 17th District and Land Lots 385 and 386 of
the 18th District of Fulton County, Georgia. The Project is to be constructed in
accordance with the Plans & Specifications to be prepared by Smallwood,
Reynolds, Stewart, Stewart & Associates, Inc. or another Architect selected by
the Owner.

Any adverse soil conditions that may be encountered are included in this Cost
plus Contract; any costs associated with those conditions shall be borne by the
Owner.

                                    ARTICLE 2
                           RELATIONSHIP OF THE PARTIES

2.1      The Contractor accepts the relationship of trust and confidence
established by this Agreement and covenants with the Owner to cooperate with the
Architect and utilize the Contractor's best skill and judgment in furthering the
interests of the Owner; to furnish efficient business administration and
supervision; to make best efforts to furnish at all times an adequate supply of
workers and materials; and to perform the Work in the best way and most
expeditious and economical manner consistent with the interests of the Owner.
The Owner agrees to exercise best efforts to enable the Contractor to perform
the Work in the best way and most expeditious manner by furnishing and approving
in a timely way information required by the Contractor and making payments to
the Contractor in accordance with the requirements of the Contract Documents.

                                    ARTICLE 3
                 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION

3.1      The date of commencement is the date from which the Contract Time of
Paragraph 3.2 is measured, and shall be the date of this Agreement, as first
written above, unless a different date is stated below or provision is made for
the date to be fixed in a notice to proceed issued by the Owner.

The Date of Commencement shall be a later date agreed upon by both parties.
Contractor must file a Notice of Commencement in accordance with Georgia Law. A
recorded copy of such notice will be maintained in the Contractor's file and
posted on the jobsite.

3.2      The Contractor shall achieve Substantial Completion of the entire Work
not later than 24 months after the Date of Commencement, subject to adjustment
of this Contract Time as provided in the Contract Documents.

<PAGE>

                                    ARTICLE 4
                                  CONTRACT SUM

4.1      The Owner shall pay the Contractor in current funds for the
Contractor's performance of the Contract, the Contract Sum consisting of the
Cost of the Work as defined in Article 5 and the Contractor's Fee of 10%
determined as follows:

The Contractor shall be paid monthly on a cost basis, plus the Contractor's Fee
of 10%, payable on the 10th of each month unless the 10th falls on the weekend
or nationally recognized holiday, then payment shall be due on the next business
day. The Contractor shall submit a Construction Contract Draw to the Owner no
later than the 1st of the following month for all expenses incurred in the
preceding month. This Construction Contract Draw shall include a summarized
listing of all expenses; a detailed listing shall be provided upon request, and
shall include invoice numbers, dates, supplier or subcontractor identification
and amounts due. The 10% Contractor's Fee shall be billed as a separate line
item on the Construction Contract Draw.

4.2      GUARANTEED MAXIMUM PRICE (IF APPLICABLE) N/A

4.2.1    The sum of the Cost of the Work and the Contractor's Fee is guaranteed
by the Contractor not to exceed N/A Dollars ($ N/A ), subject to additions and
deductions by Change Order as provided in the Contract Documents. Such maximum
sum is referred to in the Contract Documents as the Guaranteed Maximum Price.
Costs which would cause the Guaranteed Maximum Price to be exceeded shall be
paid by the Contractor without reimbursement by the Owner.

                                       N/A

4.2.2    The Guaranteed Maximum Price is based upon the following alternates, if
any, which are described in the Contract Documents and are hereby accepted by
the Owner:

                                       N/A

4.2.3    The amounts agreed to for unit prices, if any, are:

                                       N/A

                                    ARTICLE 5
                             COSTS TO BE REIMBURSED

5.1      The term "Cost of the Work" shall mean costs necessarily incurred by
the Contractor in the proper performance of the Work. Such costs shall be at
rates not higher than the standard paid at the place of the Project except with
prior consent of the Owner. The Cost of the Work shall include only the items
set forth in this Article 5.

5.1.1    Wages of construction workers directly employed by the Contractor to
perform the construction of the Work, including Medicare, unemployment
compensation, social security and all other benefits.

5.1.2    Costs, including transportation, of materials and equipment
incorporated or to be incorporated in the completed construction. All discounts
for cash for prompt payment shall accrue to the Contractor.

<PAGE>

5.1.3    Payments made by the Contractor to Subcontractors in accordance with
the requirements of the subcontracts.

5.1.4    Costs of all materials, temporary facilities, equipment and hand tools
not customarily owned by the construction workers, which are provided by the
Contractor at the site and used in the performance of the Work.

5.1.5    Reasonable rental costs for necessary temporary facilities, machinery,
equipment, and hand tools used at the site of the Work, whether rented from the
Contractor or others. Rates and quantities of equipment rented shall be subject
to the Contractor's prior approval.

5.1.6    That portion directly attributable to this Contract of premiums for
insurance and bonds.

5.1.7    Losses and expenses not compensated by insurance or otherwise,
sustained by the Contractor in connection with the Work, provided they have
resulted from causes other than the fault or negligence of the Contractor.

5.1.8    Costs of removal of debris from the site.

5.1.9    Costs incurred in taking action to prevent threatened damage, injury or
loss in case of an emergency affecting the safety of persons and property.

5.1.10   Other costs incurred in the performance of the Work if and to the
extent approved in advance in writing by the Owner.

                                    ARTICLE 6
                           COSTS NOT TO BE REIMBURSED

6.1      The Cost of Work shall not include:

6.1.1    Salaries and other compensation of the Contractor's personnel stationed
at the Contractor's principal office or offices other than the site office, with
the exception of the Vice President of Estimating and any Project Managers
assigned to the project.

6.1.2    Expenses of the Contractor's principal office and offices other than
the site office.

6.1.3    Overhead and general expenses, except as may be expressly included in
Article 5.

6.1.4    The Contractor's capital expenses, including interest on the
Contractor's capital employed for the Work.

6.1.5    Costs due to the fault or negligence of the Contractor, Subcontractors,
anyone directly or indirectly employed by any of them, or for whose acts any of
them may be liable, including but not limited to, costs for correction of
damaged, defective or nonconforming Work, disposal and replacement of materials
and equipment incorrectly ordered or supplied, and making good damage to
property not forming part of the Work.

6.1.6    Any cost not specifically and expressly described in Article 5.

6.1.7    Costs which would cause the Guaranteed Maximum Price, if any, to be
exceeded.

<PAGE>

                                    ARTICLE 7
                         DISCOUNTS, REBATES AND REFUNDS

7.1      Cash discounts obtained on payments made by the Contractor shall accrue
to the Owner if (1) before making the payment, the Contractor included them in
an Application for Payment and received payment therefor from the Owner, or (2)
the Owner has deposited funds with the Contractor with which to make payments;
otherwise, cash discounts shall accrue to the Contractor. Trade discounts,
rebates, refunds and amounts received from sales of surplus materials,
equipment, etc. shall accrue to the Owner, and the Contractor shall make
provisions so that they can be secured.

7.2      Amounts that accrue to the Owner in accordance with the provisions of
Paragraph 7.1 shall be credited to the Owner as a deduction from the Cost of the
Work.

                                    ARTICLE 8
                               ACCOUNTING RECORDS

8.1      The Contractor shall keep full and detailed accounts and exercise such
controls as may be necessary for proper financial management under this
Contract; the accounting and control systems shall be satisfactory to the Owner.
The Owner and the Owner's accountants shall be afforded access to Contractor's
records relating to this Contract. The Contractor shall preserve these records
for a period of seven years after final payment, or for such longer period as
may be required by law.

                                    ARTICLE 9
                                PROGRESS PAYMENTS

9.1      Based upon Applications for Payment submitted to the Owner's
construction inspector by the Contractor and Certificates for Payment issued,
the Owner shall make progress payments on account of the Contract Sum to the
Contractor as provided in the Contract Documents. The period covered by each
Application for Payment shall be one calendar month ending on the last day of
the month.

9.2      Payments due and unpaid under the Contract shall bear interest from the
date payment is due at the rate stated below, or in the absence thereof, at the
legal rate prevailing from time to time at the place where the Project is
located.

                  The prevailing prime rate of Wachovia Bank, N.A., plus 1%.

                                   ARTICLE 10
                                  FINAL PAYMENT

10.1     Final payment, constituting the entire unpaid balance of the Contract
Sum, shall be paid by the Owner to the Contractor when (1) the Contract has been
fully performed by the Contractor except for the Contractor's responsibility to
correct nonconforming Work and to satisfy other requirements, if any, which
necessarily survive final payment, and (2) a final Certificate for Payment has
been issued by the Owner's construction inspector.

<PAGE>

                                   ARTICLE 11
                        ENUMERATION OF CONTRACT DOCUMENTS

11.1     The Contract Documents are listed in Article 11 and, except for
Modifications issued after the execution of this Agreement, are enumerated as
follows:

                                      N/A

11.1.1   The Agreement is this executed Abbreviated Form of Agreement between
Owner and Contractor, AIA Document A117, 1987 Edition.

11.1.2   The Supplementary and other Conditions of the Contract are those
contained in the Project Manual dated N/A , and are as follows:

                                      N/A

11.1.3   The Specifications are those contained in the Project Manual dated as
in Subparagraph 11.1.2, and are as follows:

                                      N/A

11.1.4   The drawings are listed on: Exhibit "A" List of Drawings and shall be
provided upon completion and acceptance of approved Plans & Specifications.

11.1.5   The Addenda, if any, are as follows:

                                       N/A

Portions of Addenda relating to bidding requirements are not part of the
Contract Documents unless the bidding requirements are also enumerated in this
Article 11.

11.1.6   Other Documents, if any, forming part of the Contract Documents are as
follows:

         Exhibit "B" Application for Payment to follow.

         (To be provided upon commencement of construction.)

This Agreement is entered into as of the day and year first written above and is
executed in at least three original copies, of which one is to be delivered to
the Contractor, one to the Owner's construction inspector for use in the
administration of the Contract, and the remainder to the Owner.

--------------------------------------   --------------------------------------
ROBERTS PROPERTIES                       ROBERTS PROPERTIES
RESIDENTIAL, L.P.                        CONSTRUCTION, INC.
A Georgia limited partnership

By: Roberts Realty Investors, Inc.,
    it's sole General Partner

/s/ Charles R. Elliott                   /s/ Charles S. Roberts
--------------------------------------   --------------------------------------
Charles R. Elliott,                      Charles S. Roberts, President
Chief Operating Officer<PAGE>
                                                                    EXHIBIT 10.5

                              TERM SHEET REGARDING
                         EQUIPMENT SETTLEMENT PROGRAM

I.       INTRODUCTION

         This Term Sheet Regarding Equipment Settlement Program (this "Term
         Sheet"), dated as of December 23, 2002, is intended to set forth the
         general terms and conditions pursuant to which Boston Rental Partners,
         LLC, a Delaware limited liability company ("Boston Rental").
         NationsRent, Inc., a Delaware corporation ("Parent"), and the
         subsidiaries of Parent (collectively with Parent, "NationsRent": with
         Boston Rental and NationsRent collectively referred to as the
         "Parties") would consummate certain Transactions (as defined below).
         The Parties have entered into this Term Sheet to establish a program
         (the "Program") with respect to the Transactions to accomplish the
         following purposes and objectives:

         A.       To set forth the Parties' shared objective of the
                  Transactions; and

         B.       To delineate the Parties' roles and responsibilities in
                  implementing the Program.

II.      OBJECTIVE

         The principal objective of the Program shall be to facilitate the
         renting, leasing, purchasing, or financing of new and used inventory
         and equipment by NationsRent (the "Transactions") through: (i) the
         purchase by Boston Rental of certain purchase money financing
         agreements, finance leases, and operating leases with respect to
         inventory and equipment (with any such inventory or equipment being
         referred to as "Equipment") to which NationsRent is a party
         (collectively, the "Current Agreements") from the lender or the
         lessor under such Current Agreements (each, a "Lender"); and (ii) the
         purchase by Boston Rental of new and used Equipment that either: (A)
         was subject to a Current Agreement that was rejected by NationsRent;
         or (B) if not subject to such a Current Agreement, is substantially
         similar to Equipment that was subject to a Current Agreement that was
         rejected by NationsRent, in each case, with the objective of: (a)
         renting such Equipment to NationsRent pursuant to rental contracts
         (each, a "Rental Contract") at rental rates equal to or less than the
         fair market value for such Equipment (which fair market value the
         Parties agree is less than the current rates paid by NationsRent with
         respect to the Equipment under the Current Agreements); and (b)
         subsequent to the confirmation of NationsRent's plan of reorganization
         (the "Plan"), transferring such Rental Contracts and the Equipment
         subject thereto to NationsRent for consideration which will permit
         Boston Rental to recover its investment and expenses (including
         financing costs) with respect to such Equipment, as more fully
         described in Section IV.F below.

III.     BOSTON RENTAL

         Boston Rental is a newly formed Delaware limited liability company
         formed exclusively for the purpose of effecting the Program and the
         Transactions. Boston Rental is owned exclusively by Phoenix Rental
         Partners, LLC ("Phoenix") and Baupost Capital LLC, The owners of
         Boston Rental own a significant portion of NationsRent's senior
         secured bank debt and also own unsecured pre-petition claims against
         NationsRent. Neither Boston Rental nor its owners are current lessors
         to NationsRent, but an affiliate of Phoenix leases real property to
         NationsRent.

<PAGE>
IV.      ROLES AND RESPONSIBILITIES WITH RESPECT TO THE TRANSACTIONS

         In implementing the Program and the Transactions, the Parties will
         work cooperatively and will use their commercially reasonable efforts
         to carry-out the objectives set forth in this Term Sheet and to
         consummate the Transactions prior to the effective date of the Plan,
         in the manner generally described below.

         A.       Boston Rental intends to acquire a portfolio of Equipment
                  suitable for use in NationsRent's business. Such Equipment
                  will be acquired as described in Section II above; provided,
                  however, that, if specific items of Equipment subject to
                  Current Agreements cannot be acquired for the fair market
                  value by Boston Rental through direct negotiations with
                  Lenders, Boston Rental may acquire substantially similar
                  Equipment and make this Equipment available to NationsRent
                  pursuant to one or more Rental Contracts, The Parties will
                  work together to mutually identify Current Agreements and
                  Equipment that may be candidates for such acquisition.

         B.       Boston Rental will finance its Equipment acquisitions by
                  means of:

                  1.       Capital provided by Phoenix and Baupost,

                  2.       Secured third-party equipment financing, from one or
                           more lenders.

                  3.       Vendor Financing, from one or more equipment
                           manufacturers.

         C.       Boston Rental intends to offer the Equipment to NationsRent
                  on a rental basis, in accordance with the terms of the Rental
                  Contract, the general economic terms of which are set forth
                  on Annex A hereto and the general terms and conditions of
                  which are set forth on Annex B hereto, but in each case,
                  which will be mutually negotiated and agreed upon by the
                  Parties on an arms' length basis and will be at rental rates
                  equal to or less than the fair market value therefor (which
                  fair market value the Parties agree is less than the current
                  rates paid by NationsRent with respect under the Current
                  Agreements).

         D.       NationsRent intends to satisfy certain of its Equipment needs
                  by renting Equipment from Boston Rental as described in
                  Section IV.C above. Each Party will comply with the terms and
                  conditions of the Rental Contract, which will provide, among
                  other things, that NationsRent will promptly pay all amounts
                  due to Boston Rental under the Rental Contract.

         E.       NationsRent may, if permitted by the United States Bankruptcy
                  Court for the District of Delaware (the "Bankruptcy Court"),
                  reject, terminate, or assign to a third-party various of the
                  Current Agreements, and will arrange for the return or
                  transfer of the Equipment subject thereto to the respective
                  Lenders or assignees and, where appropriate, the filing of a
                  UCC-3 termination statement for any UCC financing statement
                  filed in connection with such Equipment.

         F.       It is the intention of the Parties that subsequent to the
                  emergence of NationsRent from bankruptcy, NationsRent may
                  acquire (by acquisition, merger or otherwise) (the
                  "Acquisition") Boston Rental or all of its assets and
                  liabilities for an amount in cash equal to the equity capital
                  contributed to Boston Rental plus the assumption of all
                  indebtedness of Boston Rental plus expenses, including, in
                  each case, financing costs, all

                                      -2-
<PAGE>
                  as generally described on Annex A hereto. Nothing herein
                  contained however shall require NationsRent to consummate
                  such Acquisition.

V.       CONDITIONS PRECEDENT TO THE PROGRAM

         It shall be a condition precedent to the Program and the Transactions
         that the Parties obtain the requisite approval of the Bankruptcy Court
         of this Term Sheet; provided, however, that it is the parties'
         intention not to obtain Bankruptcy Court approval with respect to any
         specific Transaction after this Term Sheet has received Bankruptcy
         Court approval.

VI.      PRESS ANNOUNCEMENTS

         The Parties shall consult with each other and shall agree in advance
         with regard to the form and substance of any press release or other
         public disclosure relating to this Term Sheet and to the Program and
         the Transactions, whether to their employees, the media or the general
         public, in each case, except that nothing in this Term Sheet shall
         prohibit a disclosure by NationsRent of this Term Sheet or its
         contents: (i) as may be required by law; (ii) in connection with
         NationsRent's chapter 11 proceedings (including, without limitation,
         the preparation, filing, and distribution of the Plan and related
         Disclosure Statement); and (iii) to (A) those individuals who are
         NationsRent's officers, directors, employees, or advisors; (B) the
         members of the official committee of unsecured creditors of
         NationsRent; and (C) NationsRent's prepetition and postpetition senior
         secured lenders, in each case, who have a need to know of such
         matters.

VII.     TERM

         The Parties agree that this Term Sheet will remain in effect until the
         earliest to occur of (i) June 30, 2004, (ii) 90 days following the
         confirmation of NationsRent's Plan, or (iii) the acquisition of Boston
         Rental by NationsRent or by its affiliate.

VIII.    GOVERNING LAW; ENTIRE AGREEMENT; SURVIVAL

         This Term Sheet shall be governed by, construed and enforced in
         accordance with the laws of the State of New York, without regard to
         conflicts of laws principles. This Term Sheet constitutes the entire
         agreement between the Parties with regard to the subject matter hereof
         and supersedes all prior agreements between the Parties with regard to
         the subject matter hereof. This Term Sheet may not be amended or
         modified except by a writing signed by the Parties.

IX.      CLOSING

         The Transactions will be consummated as promptly as reasonably
         practicable following the satisfaction of the conditions set forth
         herein.

BOSTON RENTAL PARTNERS, LLC            NATIONSRENT, INC.

By: /s/ Douglas Suliman                 By: /s/ Ezra Shashaua
    -----------------------------           -----------------------------------
Name: Douglas Suliman                   Name: Ezra Shashaua
      ---------------------------             ---------------------------------
Title: Manager                          Title: Executive Vice President and CFO
      ---------------------------             ---------------------------------

                                      -3-
<PAGE>
                                    ANNEX A

                             General Economic Terms

A.       NationsRent will pay for the Equipment on a "break even" basis (with
         respect to Rental Contracts, in the form of rent payable monthly in
         advance, and with respect to purchases of Equipment at the end of the
         term of such Rental Contracts, in the form of purchase price).

B.       In general, subject to Section IV.C of the Term Sheet, with respect to
         rent paid under Rental Contracts, "break even" shall mean with respect
         to any item of Equipment purchased by Boston Rental, a monthly rate
         not to exceed three percent (3.0%) of the Acquisition Cost of such
         item of Equipment.

         "Acquisition Cost" means, subject to Section IV.C of the Term Sheet;
         (i) Boston Rental's actual out-of-pocket purchase cost for such item
         of Equipment; plus (ii) any repair or make ready cost or positioning
         cost for such item of Equipment; plus (iii) any reasonable
         out-of-pocket expenses related to the acquisition of such item of
         Equipment, such as due diligence, inspection, or legal costs; plus
         (iv) any other expense incurred by Boston Rental, directly or
         indirectly, in connection with the Acquisition, the Transactions or
         the Program, including any cost of capital.

C.       In general, with respect to the acquisition by NationsRent of any
         given item of Equipment subject to a Rental Contract upon the
         effective date of the Plan, "break even" shall mean: (i) the
         Acquisition Cost for such item of Equipment; plus (ii) actual out of
         pocket expenses paid by Boston Rental with respect to such item of
         Equipment under the credit facility or other debt financing (including
         interest, points, etc.); plus (iii) a market rate of return on the
         capital funding with respect to such item of Equipment; minus (iv)
         100% of rent paid by NationsRent under the Rental Contract for such
         given item of Equipment.

                                      -4-
<PAGE>
                                    ANNEX B

                        General Terms of Rental Contract

A.       Term. In general, the term for each Rental Contract shall commence on
         the date that NationsRent receives the Equipment subject thereto and
         the applicable conditions precedent have been satisfied. Subject to
         the consummation of the Acquisition, such term will continue for a
         minimum of twelve months, after which time, either party may cancel
         the Rental Contract upon 30 days advance written notice, with, in the
         case of a cancellation by NationsRent, a cancellation/return fee equal
         to 5% of the Acquisition Cost for such item of Equipment payable by
         NationsRent to Boston Rental.

B.       Condition Precedent. A condition precedent to NationsRent's
         obligations under each Rental Contract will be that the Current
         Agreement to which the Equipment (or the Equipment that is being
         substituted) is subject is terminated, and that NationsRent is fully
         and completely released from its obligations under such Current
         Agreement.

C.       Rent. Rent will be payable by NationsRent as described in Annex A;
         provided, however, that certain reasonable surcharges agreed to by the
         Parties may be assessed for excessive use of the Equipment.

D.       Quiet Enjoyment. Boston Rental will retain title to the Equipment and
         Boston Rental will covenant that NationsRent will have quiet enjoyment
         of all of the Equipment at all times during the term of the Rental
         Contract.

E        Use. NationsRent will be permitted to rent the Equipment to
         third-parties in the normal and ordinary course of business; provided,
         however, that the rights of such third-parties in the Equipment will
         be subordinate to Boston Rental's rights in the Equipment.

F        Covenants. NationsRent will covenant to: (i) insure the Equipment at
         specified values agreed upon by the Parties, which insurance will name
         Boston Rental as a "loss payee"; (ii) obtain general liability
         insurance at specified values agreed upon by the Parties, which
         insurance will name Boston Rental as an additional insured; and (iii)
         keep the Equipment in good operation and repair, in accordance with
         industry standards, normal wear and tear excepted.

G.       Termination. In addition to the termination rights specified in
         paragraph A above, any Rental Contract will be terminable by Boston
         Rental if NationsRent fails to make any payment of rent due under such
         Rental Contract within ten (10) days after the applicable due date.
         The Rental Contracts will contain certain other termination events as
         may be mutually agreed upon by the Parties.

H.       Inspection Rights. Boston Rental will have the right to inspect the
         Equipment, at NationsRent's sole cost and expense, at such times as
         may be mutually agreed upon by the Parties.

I.       Other. The Rental Contract will contain such other terms and
         conditions as may be mutually be agreed upon by the Parties.

                                      -5-

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