- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 17 Nov 2020
Law of Property Act 1925 Receiver
A Law of Property Act 1925 Receiver (LPA Receiver) may be appointed under the terms of the Law of Property Act 1925 to take charge of a mortgaged property when the borrower is in default. The purpose of this is to take control of the property with a view to either selling it to recover the outstanding debt, or to collect rental income for the lender.
- To demand and recover all income due on the property to which they are appointed receiver. Such recovery can be by action, distress or any other means.
- If directed to do so, to insure (and keep insured) the property against loss or fire damage. Premiums incurred can be paid from sums collected.
- The power to sell the mortgaged property on terms that the receiver sees fit.
- The power, once in the lender’s possession, to cut and sell timber after consulting with an arboriculturalist.
- The power to make leases.
The lender can demand that all monies received in connection with insurance of the mortgaged property be applied either towards the discharge of the mortgage balance or to recoup monies, loss or damage to which the funds relate.
 LPA Receiver’s remuneration
The receiver is entitled to retain from monies received up to 5% unless specified otherwise.
 Application to the Court for directions
 Related articles on Designing Buildings Wiki
 External references
Featured articles and news
Tech tools to help manage people and space post-pandemic.
A style that ranges from mock Tudor to arts and crafts to the 'Wrenaissance'.
Free guide from Secured by Design.
BREEAM strategy for sustainability and the circular economy.
Free tool to improve the construction programming process.
Are buildings doing what they're supposed to be doing?
Cities with quick access to everything by foot or bike.
The pressures and pinch points of global destinations.
Making the case for a sustainable future.
Retrofit professionals now entitled to enter CIOB programme.
How, where, when and why stereotypes happen.
Optimising the best features of both energy performance tools.
BSRIA guidance updated in BG 78/2021 publication.
ISO standard supports crime prevention through environmental design.