We present a theoretical analysis of a spin-dependent multicomponent c
ondensate in two dimensions. The case of a condensate of resonantly ph
otoexcited excitons having two different spin orientations is studied
in detail. The energy and the chemical potentials of this system depen
d strongly on the spin polarization. When electrons and holes are loca
ted in two different planes, the condensate can be either totally spin
polarized or spin unpolarized, a property that is measurable. The pha
se diagram in terms of the total density and electron-hole separation
is discussed.