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The fact that you are updating the lease time is specified through the option-id for the lease time option. Let me explain this command: scope 10.0.0.0 specifies that you are going to change the lease time of the scope whose id is 10.0.0.0. 51 is the option-id for the option Lease time. This is an IETF assigned number: http://www.faqs.org/rfcs/rfc2132.html DWORD is the datatype of the lease-time option. And finally 3600 represents the option value in number of seconds. Compare this to the way you edit the lease time in your snap-in.
For example, the DHCP client tells the DHCP server I am network interface 0:1:2:3:4:5; please lease an IP address to me.. The DHCP server might respond You may use IP address 192.168.1.2 for the next six hours; if you would like to continue using that address, please renew it when three hours have elapsed..