Hello,
.. you can find these two files in /etc/e-smith/templates/etc/dhcpd.conf
-rw-r--r-- 1 root root 43 Dec 31 2000 25LeaseTimeDefault
-rw-r--r-- 1 root root 45 Dec 31 2000 25LeaseTimeMax
that keep the defaults for the lease times of the DHCPdeamon
instead of modifying these lines directly ssh to your e-smith server and copy two newfiles to /etc/e-smith/templates-custom/etc/dhcpd.conf (this way if something goes wrong just delete these files

)
so assuming you have logged on as root key in the following commands.
cd /
mkdir -p /etc/e-smith/templates-custom/etc/dhcpd.conf
cp /etc/e-smith/templates/etc/dhcpd.conf/25LeaseTimeMax /etc/e-smith/templates-custom/etc/dhcpd.conf/
cp /etc/e-smith/templates/etc/dhcpd.conf/25LeaseTimeDefault /etc/e-smith/templates-custom/etc/dhcpd.conf/
cd /etc/e-smith/templates-custom/etc/dhcpd.conf/
you can at this point launch mc and modify the values in there, then use the signal event method (first stop the dhcpd service) to activate your changes or reboot the server (informing your colleagues before hand !! )
all the best.
... aniston.