Sayyiduna Ibn Abbas (may Allah be pleased with them both) said: the Messenger of Allah (peace and blessings be upon him) did not forbid renting out land, but rather said: "For one of you to give land to his brother as a gift is better for him than taking a fee for it."
Hadith Referenceالمعجم الكبير للطبراني / باب العين / 10835