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The phrase "are forfeited" is correct and usable in written English.
It can be used in contexts where rights, privileges, or possessions are lost or given up, often due to a failure to meet certain conditions.
Example: "If the payment is not received by the deadline, the discounts offered are forfeited."
Alternatives: "are lost" or "are relinquished."
Dictionary
are forfeited
verb
To suffer the loss of something by wrongdoing or non-compliance
Exact(30)
Tax credits are forfeited if a foreclosure occurs.
In Indiana, by contrast, winnings are forfeited after the first drug offense.
Commonwealth preference and the benefits of sterling area membership are forfeited.
The tax credits are forfeited if a foreclosure occurs, and cost overruns cannot be passed on to tenants.
If the purchaser defaults on his payments at some point, all previous payments are forfeited to the seller, who may also take possession of the goods.
As items are forfeited when payments are not made, borrowers do not accrue ever more burdensome debts as interest builds up.
Similar(30)
You are dupes who are forfeiting your family's future and don't even realize it.
The original $10,000 bail was forfeited.
Something of you would be forfeited, diminished.
To date, about $160 million has been forfeited.
All claim their loyalty will be forfeited.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com