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Requirements for a valid deed include the parties involved, with the seller being the Grand Tour and the buyer being the grantee. The grantor must have the legal capacity to convey the property, and the grantee must be identified clearly in the deed. Other key elements of a valid deed include the form of ownership, granting clause, consideration, legal description, and signatures. Additionally, the grantor must be of sound mind and lawful age, typically eighteen years old. If the grantor is mentally incompetent, the title transfer may be voidable, but not void. Court approval is required for title transfer if the grantor is declared legally incompetent.