Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 49

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 49
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 not purport to describe any aspect of the tax laws of any state, local or non-U.S.jurisdiction. This summary also does not address any aspects of U.S. federal tax laws other than U.S. federal income tax laws; such as U.S. federal estate and gift tax laws. In addition, this summary does not address the tax consequences relevant to persons who receive special treatment under the U.S. federal income tax law including, without limitation:

| • |     | financial institutions, banks, and thrifts; |

| • |     | insurance companies; |

| • |     | tax-exempt entities, retirement plans, individual retirement 
 accounts, and tax-deferred accounts;                         |

| • |     | S corporations, controlled foreign corporations, passive foreign investment companies, regulated 
 investment companies and real estate investment trusts and shareholders in such entities;        |

| • |     | pass-through entities, including partnerships and entities and arrangements classified as partnerships for 
 U.S. federal tax purposes, and beneficial owners of pass-through entities;                                 |

| • |     | certain U.S. expatriates; |

| • |     | U.S. holders (as defined below) who hold their Notes through a 
 non-U.S. intermediary;                                         |

| • |     | traders and dealers in securities or currencies; |

| • |     | persons subject to Medicare contribution tax; |

| • |     | persons subject to any alternative minimum tax; |

| • |     | persons subject to the special tax accounting rules requiring their income to be taken into account in 
 accordance with an applicable financial statement under Section 451(b) of the Code;                    |

| • |     | persons holding Notes as part of a constructive sale, wash sale or other integrated transaction or a 
 hedge, straddle or synthetic security;                                                               |

| • |     | persons whose functional currency is not the U.S. dollar; and |

| • |     | persons that acquire the Notes offered hereby for a price other than their issue price. |

If a partnership, including an entity or arrangement that is treated as a partnership for U.S. federal income tax purposes, is a beneficial owner of the Notes, the treatment of a partner in the partnership will depend on the status of the partner and the activities of the partnership. Such partnerships and partners in such partnerships should consult their tax advisors about the tax consequences to them of purchasing, owning and disposing of Notes. S-30

It is expected, and this summary assumes, that the