A more thorough explanation:

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.