In south part of India, there is a practice to lease a agri land for lease.i.e. a land lord will take some amoun (say 5,00,000 INR) for the period of 3 or 4 years & handover the land temporarily to 2nd person, in these period the 2nd person can use the land by irrigating some thing, after the period expires or the land onwer returns the money without any interest the 2nd person will take his money back without any deduction. Is it permitable in Islam?
If yes can we do the same way to lease a house also?
leasing land for agriculture is forbidden
summary: gives the land back, and takes his money back. but the orignal owener of the land will profit from what has grown & what it will produce..
Hanzalah ibn Qays said that he asked Rafi' ibn Khadij about the lease of land. He replied: The Messenger of Allah (saws) forbade the leasing of land. I asked: (Did he forbid) for gold and silver (i.e. dinars and dirhams)? He replied: If it is against gold and silver, then there is no harm in it.
the lease should be against something fixed & specific. and not unknown produce & risky