You first need to define what is a sentence for you. On this case, a sentence is separeted by '.', so you just need to imput:
a = "First sentence. Second. Third." print(a.replace(". ", ".\n"))
But if you will consider others caracteres, like '!', '?' and ';', you will also put those options too.
All code:
f = open("demofile.txt", "r")
print(f.read())
a = f.read()
print(a.replace(". ", ".\n"))
f = open("demofile2.txt", "a")
f.write(a.replace(". ", ".\n"))