Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 50

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 50
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 Notes will be issued at a price that does not result in original issue discount for U.S. federal income tax purposes. You should consult your tax advisor with respect to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of the Notes arising under the federal estate or gift tax rules, under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty. As used in this section, the term “U.S. holder” means the beneficial owner of a Note that is for U.S. federal income tax purposes either:

| • |     | an individual who is a citizen or resident of the United States; |

| • |     | a corporation created or organized under the laws of the United States or any state of the United States 
 or the District of Columbia;                                                                             |

| • |     | an estate the income of which is subject to U.S. federal income taxation regardless of its source; or |

| • |     | a trust whose administration is subject to the primary supervision of a U.S. court and which has one or                                                       
 more U.S. persons who have the authority to control all substantial decisions of the trust, or that has made a valid election to be treated as a U.S. person. |

A “non-U.S.holder” is a beneficial owner of a Note that is not a U.S. holder or an entity or arrangement treated as a partnership for U.S. federal income tax purposes. Contingent Payments We may be required to pay amounts in excess of the stated interest and principal payable on the Notes or to pay stated interest or principal prior to their scheduled payment dates, in each case, to some or all of the holders of the Notes under certain circumstances. See for example “Offer to Repurchase Upon a Change of Control Triggering Event” and “Redemption at our Option.” It is possible that the requirement to make such payments could cause the Notes to be “contingent payment debt instruments” for U.S. federal income tax purposes. If the Notes were characterized as contingent payment debt instruments for such purposes, the timing and amount of income inclusions in respect of the Notes and the character of such income recognized may be materially different from the consequences in this summary. Under the Treasury Regulations regarding contingent payment debt instruments, one or more contingencies will be disregarded in determining whether a debt instrument is a contingent payment debt instrument if such contingencies, in the aggregate, are