What are the essential elements of a valid deed?

The essential elements of a valid deed include the grantor's signature, a competent grantor, an identifiable grantee, a legal description of the property, and a lawful purpose.

A deed must be signed by the grantor, who is the person transferring the property. This signature must be from someone who is legally competent, meaning they are of legal age and mentally capable of understanding the transaction. The grantee, or the person receiving the property, must be clearly identifiable in the deed. Additionally, the property must be described in a manner that allows it to be easily located; this often involves a legal description that outlines the boundaries of the property. Lastly, there must be a lawful purpose for the deed, meaning it must not be for an illegal activity.

Other options refer to elements that are not necessary for the validity of a deed. Market value and inspection reports, for example, are relevant for determining the worth or condition of the property but are not needed to make the deed itself valid. Similarly, verbal agreements and rental details do not pertain to the formal requirements of a deed, which must be written and include specific statutory elements to be enforceable.