As the name suggests a Law of Property Act (LPA) Receiver is appointed to deal with "property".
The statute law governing the appointment and actions of such a receiver is found in the Law of Property Act 1925. The index pages to the left of this web page cover topics related to Law of Property Act Receivers.
A Law of Property Act or LPA Receiver need not be an insolvency practitioner. More often than not an LPA Receiver will be a Chartered Surveyor.