Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


			LENNAR CORPORATION

			/S/ RICK BECKWITT
			Rick Beckwitt
			Co-Chief Executive Officer, Co-President and Director
			Date:			January 22, 2021


			LENNAR CORPORATION

			/S/ JONATHAN M. JAFFE
			Jonathan M. Jaffe
			Co-Chief Executive Officer, Co-President and Director
			Date:			January 22, 2021

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:


Principal Executive Officer:

Rick Beckwitt	/S/ RICK BECKWITT
Co-Chief Executive Officer, Co-President and Director	Date:	January 22, 2021


Jonathan M. Jaffe	/S/ JONATHAN M. JAFFE
Co-Chief Executive Officer, Co-President and Director	Date:	January 22, 2021

Principal Financial Officer:

Diane Bessette	/S/ DIANE BESSETTE
Vice President, Chief Financial Officer and Treasurer	Date:	January 22, 2021

Principal Accounting Officer:

David Collins	/S/ DAVID COLLINS
Vice President and Controller	Date:	January 22, 2021

Directors:

Irving Bolotin	/S/ IRVING BOLOTIN
	Date:	January 22, 2021

Steven L. Gerard	/S/ STEVEN L. GERARD
	Date:	January 22, 2021

Theron I. ("Tig") Gilliam, Jr.	/S/ THERON I. ("TIG") GILLIAM, JR.
	Date:	January 22, 2021

Sherrill W. Hudson	/S/ SHERRILL W. HUDSON
	Date:	January 22, 2021

Sidney Lapidus	/S/ SIDNEY LAPIDUS
	Date:	January 22, 2021

Teri McClure	/S/ TERI MCCLURE
	Date:	January 22, 2021

Stuart Miller	/S/ STUART MILLER
	Date:	January 22, 2021

Armando Olivera	/S/ ARMANDO OLIVERA
	Date:	January 22, 2021

Jeffrey Sonnenfeld	/S/ JEFFREY SONNENFELD
	Date:	January 22, 2021

Scott Stowell	/S/ SCOTT STOWELL
	Date:	January 22, 2021

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholders and the Board of Directors of Lennar Corporation

Opinion on the Financial Statement Schedule

We have audited the consolidated financial statements of Lennar Corporation and subsidiaries (the "Company") as of November 30, 2020 and 2019, and for each of the three years in the period ended November 30, 2020, and the Company's internal control over financial reporting as of November 30, 2020, and have issued our reports thereon dated January 22, 2021; such reports are included elsewhere in this Form 10-K. Our audits also included the financial statement schedule of the Company listed in the Index at Item 15. This financial statement schedule is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statement schedule based on our audits. In our opinion, such financial statement schedule, when considered in relation to the financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.


/s/ Deloitte & Touche LLP



Miami, Florida
January 22, 2021

LENNAR CORPORATION AND SUBSIDIARIES

Schedule II—Valuation and Qualifying Accounts

Years Ended November 30, 2020, 2019 and 2018


			Additions
(In thousands)	Beginning balance		Charged to costs and expenses	Charged (credited) to other accounts	Deductions	Ending balance
Year ended November 30, 2020
Allowances deducted from assets to which they apply:
Allowances for doubtful accounts and notes and other receivables	$	3,379	661	(568)	(1,078)	2,394
Allowance for loan losses and loans receivable	$	4,122	795	17	(922)	4,012
Allowance against net deferred tax assets	$	4,341	70	—	—	4,411
Year ended November 30, 2019
Allowances deducted from assets to which they apply:
Allowances for doubtful accounts and notes and other receivables	$	2,793	1,404	(344)	(474)	3,379
Allowance for loan losses and loans receivable	$	6,154	485	—	(2,517)	4,122
Allowance against net deferred tax assets	$	7,219	—	—	(2,878)	4,341
Year ended November 30, 2018
Allowances deducted from assets to which they apply:
Allowances for doubtful accounts and notes and other receivables	$	2,849	246	(156)	(146)	2,793
Allowance for loan losses and loans receivable	$	3,192	2,177	3,890	(3,105)	6,154
Allowance against net deferred tax assets	$	6,423	796	—	—	7,219

Previous: Item 15. Exhibits, Financial Statement Schedules.