Simple English definitions for legal terms
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Term: Inpenny and Outpenny
Definition: Inpenny and outpenny were payments of one penny each that were traditionally made when entering into and leaving a rental agreement. This was a customary practice in the past.
Definition: Inpenny and outpenny refer to a customary payment of a penny that was made when entering into and leaving a tenancy. This was a common practice in the past.
Example: In medieval England, when a tenant moved into a new property, they were expected to pay an inpenny to the landlord. Similarly, when the tenant moved out, they had to pay an outpenny. These payments were a way of showing respect to the landlord and acknowledging the use of their property.
Explanation: The examples illustrate how inpenny and outpenny were customary payments made by tenants to landlords in the past. The inpenny was paid when entering into a tenancy, and the outpenny was paid when leaving. These payments were a way of showing respect and gratitude to the landlord for allowing the tenant to use their property.